Could Europe Really Leverage its $12.6tn Pile of U.S. Assets?
Many people are concerned about U.S. vulnerability due to the magnitude of our treasuries owned by foreign governments. It’s a fear that resurfaces almost every time there’s geopolitical tension between the U.S. and any other country considered to be an economic powerhouse. Concerns of our economic vulnerability are not unfounded, but the “dumping” of U.S. treasuries is much easier said than done.