World News

1867 readers

960 users here now

Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.

Other Great Communities:

Rules

Be excellent to each other

founded 1 year ago

MODERATORS

Deceptichum@quokk.au

Grainne@lemmy.dbzer0.com

128

Danish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government finances (www.cnbc.com)

submitted 1 month ago by OutForARip@lemmy.ca to c/world@quokk.au

7 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] misk@piefed.social 6 points 1 month ago* (last edited 1 month ago)

There’s 170,000 people enrolled in that particular pension fund meaning participants invested $590 in UST on average. Not exactly a mind blowing amount but still nice.

Divesting because of US being too indebted is bollocks of course, for now US is still the issuer of their currency and they get effectively unlimited money as long as USD remains global trade currency (which means killing own production but Trump isn’t really all that successful at restarting it so far).