The United States Treasury now borrows at rates far higher than most other world governments. Compared to countries in Asia, the US borrows at almost double the rate of China, Singapore, and Japan, but also Malaysia and Vietnam. In Europe, even the governments of the historically badly managed PIIGS countries can borrow for lower rates than can the United States.
Skyrocketing US government deficit spending is sucking in hundreds of billions of dollars a year from banking systems around the world, worsening inflation in the US and, ironically, making USD more scarce and valuable outside the US.
American political and banking officials boast of strong economic growth and US dollar demand, but can only secure new lenders by paying some of the highest borrowing rates in the world.
Resources and links:
Bloomberg, Foreign private investors set to top central bank bond buys
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Tables, government bond yields
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China's Yield Curve
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Wolf Street, The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up
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What Are PIIGS and the Link with the European Debt Crisis
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Bloomberg, China’s Selling of Treasury and US Agency Debt Rises to Record
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Bloomberg, Japan Trade Deficit Shows Weak Yen Is Weighing on Economy
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Why US economy is powering ahead of Europe's
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CNBC, The U.S. national debt is rising by $1 trillion about every 100 days
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