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No, it's pure symbolism. Countries don't purchase US treasuries to be charitable to the US. This hurts Denmark just as much as it hurts the US. And in relative
by lingrush4 8mo ago
No, it's pure symbolism. Countries don't purchase US treasuries to be charitable to the US. This hurts Denmark just as much as it hurts the US. And in relative terms, Denmark is going to feel the pain from this way more than the US since the US economy is 70x bigger than Denmark's.
- overfeed 8mo agoYou could measure this by looking at the Pensions fund performance vs US treasuries over the next decade or so.