USD zombie Japan now getting on top of USD zombie China as both battle for external share of USD balances.
Meanwhile Trump threatens complete elimination of USDs available to all external USD zombies!
Action? You better believe it!
Both currencies circling the toilet bowl as the USD zombies become evermore desperate and lower terms of trade in the face of this nightmare scenario for them.
How low can they go?!?!?
Fed induced increases in USD interest income to the rescue?!??!!
China continues to dump US debt. #Japan overtakes #China as largest holder of US treasuries. https://t.co/u17Ih7cUJ5 pic.twitter.com/0iUMfwmBdK— Holger Zschaepitz (@Schuldensuehner) December 15, 2016