▲ 368 ▼ 'Unfair': Canada suspends trade talks with US, PM Carney says will match tariffs 'dollar for dollar' (timesofindia.indiatimes.com) submitted 1 week ago by stumu415@lemmy.zip to c/world@lemmy.world 88 comments fedilink hide all child comments
[–] UnderpantsWeevil@lemmy.world 6 points 1 week ago (3 children) Wonder what would happen if that was sold all at once? Canada would take a massive loss on the sale while the private markets and the Federal Reserve casually absorbs the influx of new notes at a discount. permalink fedilink source parent hideshow 6 child comments replies: [–] SpaceCowboy@lemmy.ca 2 points 1 week ago I'm not talking about US dollars, I'm talking about bonds. permalink fedilink source parent [–] CeeBee_Eh@lemmy.world 2 points 1 week ago (1 child) It would tank the value, which would trigger other parties to quickly do a sell-off, which would further tank the value. It would ultimately result in a cascade effect that drops the US dollar value to unprecedented lows. permalink fedilink source parent hideshow 2 child comments replies: [–] UnderpantsWeevil@lemmy.world 1 point 1 week ago* (1 child) It would tank the value Temporarily, and not nearly as much as you'd guess. The appetite for treasuries vastly outstrips the supply. permalink fedilink source parent hideshow 2 child comments replies: [–] CeeBee_Eh@lemmy.world 3 points 1 week ago That's the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US. There's a reason why 5 years ago BRICS was kindof a joke, but today it's taken very seriously. permalink fedilink source parent [–] rbos@lemmy.ca 1 point 1 week ago It would definitely be dumb to let them go all at once. You'd want to dovest carefully. Or do some bond swaps, perhaps. Exchange some for euros or yuan. permalink fedilink source parent
[–] SpaceCowboy@lemmy.ca 2 points 1 week ago I'm not talking about US dollars, I'm talking about bonds. permalink fedilink source parent
[–] CeeBee_Eh@lemmy.world 2 points 1 week ago (1 child) It would tank the value, which would trigger other parties to quickly do a sell-off, which would further tank the value. It would ultimately result in a cascade effect that drops the US dollar value to unprecedented lows. permalink fedilink source parent hideshow 2 child comments replies: [–] UnderpantsWeevil@lemmy.world 1 point 1 week ago* (1 child) It would tank the value Temporarily, and not nearly as much as you'd guess. The appetite for treasuries vastly outstrips the supply. permalink fedilink source parent hideshow 2 child comments replies: [–] CeeBee_Eh@lemmy.world 3 points 1 week ago That's the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US. There's a reason why 5 years ago BRICS was kindof a joke, but today it's taken very seriously. permalink fedilink source parent
[–] UnderpantsWeevil@lemmy.world 1 point 1 week ago* (1 child) It would tank the value Temporarily, and not nearly as much as you'd guess. The appetite for treasuries vastly outstrips the supply. permalink fedilink source parent hideshow 2 child comments replies: [–] CeeBee_Eh@lemmy.world 3 points 1 week ago That's the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US. There's a reason why 5 years ago BRICS was kindof a joke, but today it's taken very seriously. permalink fedilink source parent
[–] CeeBee_Eh@lemmy.world 3 points 1 week ago That's the traditional viewpoint, sure. But as each day goes by the rest of the world is looking for more ways to circumvent or outright cut out trade and reliance with the US. There's a reason why 5 years ago BRICS was kindof a joke, but today it's taken very seriously. permalink fedilink source parent
[–] rbos@lemmy.ca 1 point 1 week ago It would definitely be dumb to let them go all at once. You'd want to dovest carefully. Or do some bond swaps, perhaps. Exchange some for euros or yuan. permalink fedilink source parent