One of the best illustrations of hyperbole regarding China in some financial circles is the disingenuous belief that the PBoC, SAFE, CITIC and other Chinese agencies could use a mythical financial “nuclear” weapon by selling all of their US treasuries at one time — which in their RDF-minds would somehow decimate the US bond market.
And while I am hardly bedfellows with the Pentagon, some analysts at the DoD put together a well-reasoned bucket of cold water to throw on the faces of hysterics this election cycle.
Below are quotes from a thorough Bloomberg report (which is still blocked out here) regarding the DoD analysis: [Keep reading…]
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