Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.

“The fear is the U.S. is losing its standing as the safe haven,” said George Cipolloni, a fund manager at Penn Mutual Asset Management. “Our bond market is the biggest and most stable in the world, but when you add instability, bad things can happen.”

That could be bad news for consumers in need of a loan — and for President Donald Trump, who had hoped his tariff pause earlier this week would restore confidence in the markets.

    • sp3ctr4l@lemmy.dbzer0.com
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      20 hours ago

      Oh sure, here, buy our aircraft carriers and aircraft that even we can barely understand our own logistics and and maintenance supply lines and procedures for, that will all nearly mmediately break if they stop getting software updates.

      Like, I hear you lol, but its kinda like saying ‘sell your literally custom made hyper car that will depreiciate by 80% in value and the parts manufacturer will go out of business when you buy the car.’

      I am saying you’d have to be an idiot at this point to buy one, we wouldn’t be able to sell them at this point.

      Now I am all for downsizing the military in general, have been for basically all my life since middle school… but uh yeah, that would look more like decommissioning and downsizing.

      But uh also also, the military industrial complex are basically the only domestic manufacturing jobs we really have, aside of our shitty overpriced domestically assembled but internationally owned and sourced consumer cars… and the Trumpublican party is, you know, in charge, what with the fascist coup and all that.

    • P00ptart@lemmy.world
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      22 hours ago

      That’s not what happens in this scenario… Those aircraft carriers and F35s get activated.

        • sp3ctr4l@lemmy.dbzer0.com
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          11 hours ago

          Hey.

          HEY!

          There are a lot of penguins on some godforsaken island in the middle of nowhere that need to be bombed until they understand democracy and freedom.

          (‘freedom’ and ‘democracy’ subject to terms and conditions, limited time offer, no refunds)