‹ BackHN Continuity

Thread

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. carefree-bob · · focus · HN ↗
      This is nonsense. The rest of the world holds 9.7 Trillion in Treasuries and this amount increased by $500 billion over the last year.

      So the opposite of this article is true. You can get all the data from the Z.1 release.

      Please don't take these types of flame bait articles seriously or try to spin up an entire world view based on them as you will end up not only directionally wrong, but believe in the exact opposite of reality.

      FYI, that $500B increase in treasury holdings is not the whole picture, there are also the agencies (housing mortage backed securities guaranteed by the govt) and foreign holdings of those also increased by $70 billion over the last year, and are about 1.5 Trillion.

      1. slg · · focus · HN ↗
        Sure, the engines may have died, but not only is the plane still airborne, it's even accelerating!
        1. tialaramex · · focus · HN ↗
          To be fair, while accelerating isn't necessarily what you want per se, you must maintain airspeed in an aeroplane if it loses engines. The instinct is to preserve altitude since hitting the ground is the key thing you don't want to happen - but if you preserve that altitude at the cost of losing airspeed (and now that you don't have engines you can't keep both) you will experience aerodynamic stall and fall out of the sky anyway.
          1. cmurf · · focus · HN ↗
            There are two best glide airspeeds for this scenario: lowest descent rate (typically not published) and greatest range. Simplistically, the published airspeed number will get you pretty close to the best lift/drag ratio for make/model. This should be a memory number.

            As for the landing, perhaps the best advise I read was from Bob Hoover (aerobatics in a twin Aero Commander): If you’re faced with a forced landing, fly the thing as far into the crash as possible.

            The key word: fly. You are not flying if you are stalling. And you only have positive control if you're flying. Or also: don't stop too abruptly.

Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.