Donald Trump’s Next Bankruptcy? Asian Central Banks With $3 Trillion Of Exposure

Donald Trump’s Next Bankruptcy? Asian Central Banks With $3 Trillion Of Exposure

Or Sign In To Continue Using An Ad Blocker. I write about economics, markets and policymaking throughout Asia.. A crash may be upon us as coronavirus fallout drives the global economy into recession-or worse.. The first sign of trouble was a $1.5 trillion 2017 tax cut that Trump assumed his Asian bankers would be happy to finance.. If any of the region's top U.S. debt holders began dumping huge blocks of Treasury securities, financial chaos would ensue.. Along with cutting rates just about anytime Trump demands it via Twitter, Fed Chairman Jerome Powell is pumping untold trillions of dollars into markets unnerved by the president's erratic coronavirus response.. Trump's embattled White House seeks to cheer his base ahead of the November election, particularly with COVID-19 fallout devastating the economy.. Yuan-denominated debt has been an unlikely sanctuary from global market chaos.. The odds of Trump actually defaulting on debt are, hopefully, infinitesimal.. But the bankruptcy of his policies-and leadership-is causing a bull market in troubles for the global economy..