Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

Triple top on the Dow?

oh ouch

look out below

Because Trade Wars are easy to win

so much winning

https://finance.yahoo.com/news/china-could-unleash-this-weapon-on-the-financial-markets-to-wallop-the-us-152709274.html

“They [China] could start selling Treasuries which is what they use to benchmark the yuan to the dollar and that would be the doomsday scenario. That would be the ultimate weaponization — that would be a weapon of mass destruction,” Javier David, an editor at Yahoo Finance, explained on Yahoo Finance’s The First Trade, moments after China rocked financial markets on Monday by devaluing its currency the yuan.

In some circles on Wall Street, China’s currency move was labeled a “weaponization” of its currency. As far as team Trump’s labeling of it, it was more a manipulation.

At $1.1 trillion, China is the largest holder of U.S. Treasury debt — just narrowly ahead of Japan. While China has reduced its holdings of Treasuries in recent years, any amount of pronounced dumping could send U.S. interest rates skyrocketing. More supply of Treasuries on the market, prices down, yields up is the good ole’ equation.