The second-largest economy in the world has been steadily unloading hundreds of billions of dollars worth of US government-backed securities for more than a decade. New numbers from the U.S. Treasury Department show China’s holdings of Treasury securities have reached a low not witnessed in over 14 years. China was in the process of gradually […]
The post $491,900,000,000 in US Treasuries Dumped by China in a Decade As Country’s US Debt Holdings Hit 14-Year Low appeared first on The Daily Hodl.
Billionaire venture capitalist Chamath Palihapitiya says that the latest downgrade of the country’s credit rating is not a cause for concern. On August 1st, credit-rating agency Fitch downgraded the long-term ratings of the United States from “AAA” to “AA+” with a stable outlook. Palihapitiya says that people should not pay attention to Fitch’s latest move […]
The post Billionaire Chamath Palihapitya Calls Fitch Downgrade of US Credit Rating ‘Irrelevant’ – Here’s Why appeared first on The Daily Hodl.
