Danish pension fund to sell $100 million in Treasurys, citing 'poor' U.S. government finances
www.cnbc.com
AkademikerPension's move comes amid increasing tensions between Denmark and the U.S. over Greenland.

This seems like the first step of what will eventually lead to hyper inflation.

  • skozzii@lemmy.caEnglish
    17·
    4 hours ago

    I will also be selling my treasuries, I won’t tell the exact amount but it’s “slightly” less than 100 million.

    • Monument@lemmy.sdf.orgEnglish
      1·
      1 hour ago

      I actually rebalanced my 401k tonight and dumped all my bond holdings and most domestic stocks just an hour or so ago. (I did keep the index funds, though.)
      Swapping most of the allocations over to foreign stocks (showing about 35% yearly returns, vs the still good 14% I was netting before). I also threw a small chunk into a gold commodity index fund, which is showing 150% growth in the last year. Risky, but what am I going to do? Live long enough to grow old? In this economy?