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US Treasuries Have Become Unappetizing for Foreign Central Banks and Governments

152 points · 132 comments · iamnothere

  1. 1over137 · · focus · HN ↗
    US everything has become unappetizing for everyone outside the US.
    1. gradus_ad · · focus · HN ↗
      There must always be a hegemon. Will it be Europe? No, too weak and divided..will it be China? No, too authoritarian..

      The US remains the best option among a mixed field of weak, corrupt, divided and authoritarian alternatives.

      1. Zigurd · · focus · HN ↗
        You're not totally wrong but you do underestimate the power of an organized Europe with freedom of movement and commerce. I'm not saying you're getting this wrong but many people reading these comments take seriously that nominal US per capita GDP is an unequivocal signal that we've got it right. A lot of that signal goes away on the basis of a PPP comparison, and then even more goes away when you compare things like healthcare costs. And on top of all of that Europe can point to superior quality of life outcomes. If that GDP number doesn't translate into quality of life, what good is all of that money?
        1. MrDresden · · focus · HN ↗
          European, living within the EU, who loves the idea of the conmon market.

          But it is badly implemented and in need of drastic improvements. Just see recent comments made by EU President Von der Leyen and head of the ECB Christine Lagarde on how the biggest obstacles to the EU isn't US tarrifs but internal tarrifs.

          Counted up they effectively make goods twice as costly as they should be.

          A true common goods and finance market in the EU would be a force to reckon with.

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