Bill Mitchell

@mitchellvii ↗

Deleted No

Hibernated Yes

Last Checked July 10, 2019

Created

Fri May 24 12:32:06 +0000 2019

Likes

273

Retweets

131

Source

TweetDeck

View Raw Data

JSON Data

View on Twitter

Likely Available

Bill Mitchell @mitchellvii

China heavily bought US Treasuries not as a favor to the US, but to manage foreign exchange rates and keep their manufactured products cheaper. If they try to "punish the US" by selling these, they lose control of foreign exchange rates - making their goods less competitive. — PolitiTweet.org

Posted May 24, 2019 Hibernated

Preceded By

Bill Mitchell @mitchellvii

In October 2018, China's central bank pumped $175 billion into the economy to keep it from stalling. https://t.co/vXFB7F8GrD — PolitiTweet.org

Posted May 24, 2019 Hibernated

Followed By

Bill Mitchell @mitchellvii

But a decision to dump Treasuries would have a large effect on China itself. The country would incur a substantial capital loss on its reserve assets. https://t.co/e10tyAaIEy — PolitiTweet.org

Posted May 24, 2019 Hibernated