A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. At the end of January, foreign countries owned $1.32 trillion worth of U.S. mortgage-backed securities, or 15% of the total outstanding, according to Ginnie Mae. “If China wanted to hit us hard, they could […]
Here’s How China Could Crush the U.S. Housing Market Read More »
In recent developments, President-elect Donald Trump has issued a stern warning to the BRICS nations—Brazil, Russia, India, China, and South Africa—threatening to impose 100% tariffs if they proceed with plans to establish a new currency aimed at challenging the U.S. dollar’s global dominance. This move underscores the escalating tensions surrounding the dollar’s supremacy in international
Trump’s Tariff Threats and the Global Economic Response Read More »
China and Japan are ditching US Treasuries like never before. In the third quarter of 2024, Japan sold a staggering $61.9 billion of US government debt—the biggest quarterly sale on record. This came right after they offloaded $40.5 billion in the second quarter. Not to be left out, China dumped $51.3 billion in the same
China and Japan are Duping US Treasuries Read More »
The Dollar’s Dominance of Global Trade and Reserves is Facing Several New Threats Getty Images The dollar’s supremacy in global trade faces fresh challenges as several countries float plans to use local currencies in commerce. Russia and Iran are working to create a gold-backed stablecoin, while China is increasingly using the yuan in its oil trades.
Dollar Dominance Under Threat: 5 New Challenges to the Greenback’s Reign Read More »
