Guess who holds even more US debt than China or Japan

 

Two of America’s largest creditors, Japan and China, are about to switch places.

But for all the fears that China (or any other country) will turn out to be a vengeful creditor (video), it’s worth noting that a far bigger US creditor is… the US itself.

Even before the Federal Reserve started its massive bond-buying program, its Treasury holdings were substantial. And though China overtook it for a couple years after the recession, the Fed has surged back into first place.

Full article: Guess who holds even more US debt than China or Japan (Quartz)

Comments are closed.