This seems like the first step of what will eventually lead to hyper inflation.
Danish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government finances
https://www.cnbc.com/2026/01/20/akademikerpension-us-treasury-greenland-trump.html
46 Comments
VitoRobles@lemmy.today · 140 pts · 216d
Oooof. They no longer trust the US government to be a safe or friendly place to keep their money.
Let the ripple effect begin!
TheJesusaurus@sh.itjust.works · 29 pts · 216d
That's what this is, a shot across the bow. 100mm is nothing
Lemmyoutofhere@lemmy.ca · 36 pts · 216d
Seriously, that’s only 10cm.
arrow74@lemmy.zip · 18 pts · 216d
I think 10cm is plenty, more than enough, maybe even too big
Colonel_Panic_@eviltoast.org · 12 pts · 216d
We've been over this. It's how you use it that matters.
anon_8675309@lemmy.world · 9 pts · 216d
0.1m
samus12345@sh.itjust.works · 1 pts · 215d
How much is that in
freedomfascism units?neidu3@sh.itjust.works · 47 pts · 216d
Wouldn't surprise me if the Norwegian pension fund is looking into the same. They do, however, work slow. We'll see if Jonas Gahr Støre continues to receive the stupidest spam imaginable.
empireOfLove2@lemmy.dbzer0.com · 45 pts · 216d
Lucidlethargy@sh.itjust.works · 12 pts · 216d
Eh, fuck it. We're all goddamn poor anyway.
It's true the wealthy that cause these problems probably won't be impacted, though...
But hey, I hope I'm wrong.
naught101@lemmy.world · 41 pts · 216d
I was expecting the AI bubble to burst and then take down the US economy, but perhaps it's going to be the other way around..
wonderingwanderer@sopuli.xyz · 13 pts · 216d
Might be smart to dump any US bonds before the US economy ultimately crashes when the bubble bursts...
UnderpantsWeevil@lemmy.world · 41 pts · 216d
They are right to do so. But also, this is a market measured in trillions
gravitas_deficiency@sh.itjust.works · 57 pts · 216d
The fact that someone stood up and said “we do not trust the honor of the US to fulfill a debt” is important. We’ll see how much of an impact that actually has, but my kneejerk reaction is that it was meaningful.
UnderpantsWeevil@lemmy.world · 4 pts · 216d
:-/
The global market will pounce on $100M in underpriced Treasuries.
A better question is what the Danes plan to replace the reserves with. Now would be a cool time to roll out EuroBonds.
That said...
This is, has, and will continue to be a dumb reason to sell US Treasuries. The Bond Vigilantes always lose their shirts in the end.
naught101@lemmy.world · 13 pts · 216d
Do you assume that a collapse of the US economy is impossible?
UnderpantsWeevil@lemmy.world · -5 pts · 216d
It's highly unlikely under current conditions
naught101@lemmy.world · 7 pts · 216d
What conditions would be needed to make it likely?
shalafi@lemmy.world · 2 pts · 215d
Not OP, but first and foremost, on this bond thing, countries are going to have to be willing to take a beating in their own economies.
Selling off bonds is like Elon selling off Tesla. The worth/wealth disappears if the market is flooded with paper.
Another condition is in our face: The Buffett Index, which is total stock market value vs. GDP. We topped 200% for the first time a couple of weeks ago. It was around 130% in 1929 and 2008. Most of that bullshit money is in AI. We got real problems.
naught101@lemmy.world · 1 pts · 212d
Other countries selling off US bonds before maturity is like Elon selling off Tesla? How? That doesn't make sense to me.
UnderpantsWeevil@lemmy.world · -1 pts · 216d
Quite a few. But, just for starters, you'd need the Federal Reserve to turn off the unlimited money spigot.
naught101@lemmy.world · 12 pts · 216d
I don't think that needs to happen, if you get into a hyperinflation situation, right? And Trump and co have been doing a lot to destroy the underlying productivity of the us economy over the last year.
shalafi@lemmy.world · 2 pts · 215d
Read all your comments, would like your take on the Buffett Index topping 200% for the first time (total stock market value vs. GDP). It was around 130% in 1929 and 2008.
Considering the disproportionate amount of stocks in AI, and, so far, no clear path to investors seeing a return, I'm scared shitless.
What's your take on that bit?
verdi@tarte.nuage-libre.fr · 2 pts · 216d
skozzii@lemmy.ca · 37 pts · 216d
I will also be selling my treasuries, I won't tell the exact amount but it's "slightly" less than 100 million.
Monument@lemmy.sdf.org · 18 pts · 216d
I actually rebalanced my 401k tonight and dumped all my bond holdings and most domestic stocks just an hour or so ago. (I did keep the index funds, though.)
Swapping most of the allocations over to foreign stocks (showing about 35% yearly returns, vs the still good 14% I was netting before). I also threw a small chunk into a gold commodity index fund, which is showing 150% growth in the last year. Risky, but what am I going to do? Live long enough to grow old? In this economy?
D_C@sh.itjust.works · 2 pts · 216d
98 million?
MehBlah@lemmy.world · 30 pts · 216d
Now you are dong something they will notice. The number needs to be much higher.
Sunflier@lemmy.world · 26 pts · 216d
An avalanche starts as a tiny bit of snow
whitecollarcry@lemmy.world · 6 pts · 216d
helvetpuli@sopuli.xyz · 12 pts · 216d
This is an aside, but why is CNBC misspelling "treasuries"?
titanicx@lemmy.zip · 31 pts · 216d
Huh, so I spent 10 seconds googling it, and turns out they actually answered this very question 16 ish years ago....
https://www.cnbc.com/amp/2009/08/18/treasuries-and-treasurys-why-the-y.html
AlecSadler@lemmy.dbzer0.com · 5 pts · 216d
...wow, TIL.
NigelFrobisher@aussie.zone · 1 pts · 216d
Is CNBC children’s NBC?
helvetpuli@sopuli.xyz · 5 pts · 216d
Check out @titanicx@lemmy.zip's comment. They do it in purpose !
But don't they also have Jim Cramer? He's basically a shouty Barney the Dinosaur.
anon_8675309@lemmy.world · -4 pts · 216d
AI slop?
helvetpuli@sopuli.xyz · -3 pts · 216d
Possibly. Or maybe they fired the copy editor.
ripcord@lemmy.world · 1 pts · 216d
It is correct
anon_8675309@lemmy.world · -2 pts · 216d
Both can be true.
BigBenis@lemmy.world · 11 pts · 215d
I switched my retirement portfolio bond allocations into precious metal indexes last year in anticipation for something like this. It turned into my best performing asset.
hector@lemmy.today · 10 pts · 216d
We are no where near maxxing out credit, which will happen before these malicious clowns lose control.
I suspect at that point they will print money to pay debt and start a hyper inflation.
But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.
By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.
samus12345@sh.itjust.works · 3 pts · 215d
MrSulu@lemmy.ml · 7 pts · 216d
Let's all sell up! There are ways to peacefully protest with robust impact.