The Japanification of eurozone is almost complete. The US is next. t.co/9aLLQL7hCj
— Albert Edwards (@albertedwards99) September 25, 2020
A dangerous convergence.
Foreign investors now own the lowest % of marketable US Treasuries in 20 yrs.
The Fed is increasingly becoming the buyer of last resort.
This trend appears irreversible.
— Otavio (Tavi) Costa (@TaviCosta) September 25, 2020