this post was submitted on 01 May 2025
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[–] cyborganism@lemmy.ca 26 points 2 days ago (4 children)

Carney knows that the world is holding the U.S. economy by the balls through bonds. China owning the vast majority of U.S. debt. Canada owns over 130 billions if I recall. If they start asking for their money, the U.S. economy will collapse.

Right now they're just giving Trump a chance to realize his mistake and roll back on his policies. Hence the "pauses".

[–] toastmeister@lemmy.ca 2 points 15 hours ago* (last edited 15 hours ago)

If the war in Russia ends oil floods the market, we have deflation, and the bonds will be bought in order to ride the yield curve. Which is something to consider assuming he gets it done.

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