There’s a ‘buyer’s strike’ on U.S. assets as foreign investors can’t stomach huge deficits anymore, analyst warns

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There’s a ‘buyer’s strike’ on U.S. assets as foreign investors can’t stomach huge deficits anymore, analyst warns - Fortune

Quick Summary:

"At the core of the problem is that foreign investors are simply no longer willing to finance US twin deficits at current level of prices".

House of Representatives passed legislation to extend tax cuts from President Donald Trump’s first term as well as add new ones, like no taxes on tips and overtime.

Meanwhile, China has been shedding its stockpile of Treasury bonds, which fell to $765 billion at the end of March from $784 billion in the previous month.