Saw that tg… more then 12 basis points last I checked…
I think that the ignorance of our senate and house is clearly evident when they talk tough about trade sanctions and such with China. There really is not an easy solution here. Our own industry leaders have taken full advantage of the capitalistic society we promote so blaming them or forcing them to relocate for the security of our nation seems hypocritical. Yet my personal feelings about that are definitely mixed. I cannot fathom that China actually produces components for alot of our military equipment but there is no denying that. Furthermore the reality that this will be the new world leader is also something I tend to live in denial about though I know it to be true.
With all that said, I don’t believe China is in a position right now to shake out our economy with a bond market sell off and crash the dollar. Someday they most likely will be though.
