Kai Risdahl

Daniel Girard is with State Street Markets.

Daniel Girard is with State Street Markets.

You know, China has expanded into British debt, into European debt and into gold a lot more.

You know, China has expanded into British debt, into European debt and into gold a lot more.

Foreign investors have also been putting money in stocks instead of treasuries, especially when interest rates were really low there for a while.

Foreign investors have also been putting money in stocks instead of treasuries, especially when interest rates were really low there for a while.

So lots of reasons the rest of the world hasn't been bankrolling the U.S.

So lots of reasons the rest of the world hasn't been bankrolling the U.S.

federal budget as much as it used to.

federal budget as much as it used to.

So then where is the money coming from?

So then where is the money coming from?

Again, Shia Kavis.

Again, Shia Kavis.

We've been writing IOUs faster than the rest of the world wants to collect them.

We've been writing IOUs faster than the rest of the world wants to collect them.

And that means that more of those treasury securities are being purchased domestically

And that means that more of those treasury securities are being purchased domestically

America has been borrowing more from America, from banks, from US investors, even from the Fed recently.

America has been borrowing more from America, from banks, from US investors, even from the Fed recently.