NYT article's content & title at odds: If China sold its $1T in US treasuries, it'd have only a modest effect on US financial system. Hence, calling it "nuclear option" is highly misleading. More like a water gun pointed into the wind. https://nyti.ms/2C53xYr
-
-
Replying to @KennedyCSIS
Right now, the nuclear option is letting the yuan float freely down. Would be a huge global shock
1 reply 0 retweets 6 likes -
Replying to @Brad_Setser @KennedyCSIS
And what would China eat, given how much ag they import?
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @KennedyCSIS
less pork -- china is self sufficient in basic grains, not in animal foods
1 reply 0 retweets 0 likes -
Replying to @Brad_Setser @KennedyCSIS
Less soy as well?pic.twitter.com/ID3kwIaz4C
2 replies 0 retweets 0 likes -
Replying to @Molson_Hart @KennedyCSIS
soybeans are used as an input for pork and poultry production -- ground into meal and used as a feed. US beans exports aren't "tofu" quality
1 reply 0 retweets 2 likes
Replying to @Brad_Setser @KennedyCSIS
Didn't know that thanks! I'll have to look up whether they are sauce quality haha
7:03 PM - 9 Oct 2018
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.