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re: What happens if China has to call in our
Posted on 2/23/20 at 9:52 pm to funnystuff
Posted on 2/23/20 at 9:52 pm to funnystuff
quote:
The most China can do is resell the bond to someone else, possibly marginally nudging interest rates. And even on that front, they only hold like 5% of our debt; not enough to create any major movement. But there’s exactly 0 possibility that we’d have to pay the full outstanding balance of our loans tomorrow. You can rest easy.
Yep. And selling below market value would hurt them more than it would hurt us.
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