Comment on Tumult in U.S. Treasurys shows Trump's 'big, beautiful bill' might be disaster
shawn1122@lemm.ee 5 weeks ago
I think the big takeaway here is that American exceptionalism is over. America’s aura has gone from fading to faded.
We are seeing bond yields go up and the value of the dollar go down, a rarity in our lifetimes. Typically when yields to up, the demand for US securities and, therefore, the US dollar goes up, increasing their value.
The fact that demand is not increasing despite better yields points to investors having lost faith in the US government to pay back its debts. A tax and spending bill that adds 3.8 trillion dollars to the deficit over 10 years does not help that.
We’re seeing more and more typically direct relationships become inverse relationship which really just point to one thing - people have lost faith in the USA.
systemglitch@lemmy.world 5 weeks ago
As a Canadian, most people I know talk about actively avoiding American products forever more.
America is fucked.
You did the ultimate betrayal, which the world got to see, and then the rest to follow.
Good luck, you guys have one single route to redemption, and there is no sign of it happening.
sj_zero 4 weeks ago
To be fair, we Canadians have an awful lot to fix that isn't going to get fixed.
Did you read about the recent uncovering of the government report that said that poor people were going to be foraging in the woods for food in the next decade or two? Sure I'm glad that we keep on focusing on the keeping rich people in Europe happy.
Mossheart@lemmy.ca 4 weeks ago
Lol source?
sj_zero 3 weeks ago
https://horizons.service.canada.ca/en/2025/01/10/future-lives-social-mobility/index.shtml
The government of Canada.
"People may start to hunt, fish, and forage on public lands and waterways without reference to regulations."