I

have actually watched some TV here lately.

I know, unreal, will miracles never cease etc right?

I watched the Nightly Business Report on NPR which I have watched some in the past.

They had economist after economist come on and say that China couldn't hurt us that much in a full fledged trade war and the economy was going to keep growing at rates maybe higher than projected in the third and forth quarters and blah blah blah and I'm just sitting there shaking my head  thinking...

Jeremiah 6:14 

They dress the wound of my people
    as though it were not serious.
‘Peace, peace,’ they say,
    when there is no peace.

Then?

Then they had a guy from the Council on Foreign Relations come on. I think he was their economic adviser or something. It was just kinda on in the background. Then they asked him the same thing they had asked the others. He said he didn't agree with them at all. He said that short term tit for tat trade tensions escalating isn't really gonna hurt the US or China, but in a full fledged all out trade war China has much more clout to hurt the US than vice versa. When asked how, one of the things he brought up was the enormous amount of US treasuries that China is sitting on and that if they started selling them off wholesale it could drive up interest rates in the US.

That caught my ear.

Where else you heard that from Lucy?

How China could hit the U.S. where it hurts

Edward Alden, a senior fellow at the Council on Foreign Relations was the guys name. he's mentioned in this article. Funny, it doesn't say a thing about the possible sell off of US treasuries.

‘Peace, peace,’ they say,
    when there is no peace.

Indeed.