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Redrocket

Do you think that foreign investors will flex their muscle and Veto the Fed rescue?

Were where the foreign buyers in last weeks 10-year US Treasury notes auction?Foreigners own $6007bn of long term debt. This is equal to 66 percent of the entire US federal debt. Japan (901), China (870), ect.
Jack:

The published national debt is just the tip of the iceberg. We are on the hook for over $54 trillion in obligations.

That a few foreigners hold some of our bonds is inconsequential. If they stop buying, all that is necessary is for the yield to rise and they will come flocking to buy more bonds -- no matter how "junky". ;-)

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