By Brian Shilhavy

Is the U.S. now officially at war with Europe over Greenland?

From Seeking Alpha (https://seekingalpha.com/news/4540092-treasury-holdings-can-be-europes-big-stick-in-greenland-dispute-deutsche-bank):

As the rhetoric between the U.S. and Europe over Greenland heats up, Deutsche Bank says that while the United States possesses significant military and economic strength, it relies heavily on foreign creditors to finance its external deficits.

Europe, as America’s largest lender, holds considerable leverage—European countries own $8T in U.S. bonds (TBT) (TLT) (SHY) (IEF) (IEI) (BIL) and equities (SPY) (QQQ) (DIA), nearly twice as much as the rest of the world combined.

Deutsche Bank analysts suggest that as the geoeconomic stability of the Western alliance faces existential disruption, European investors may become less willing to maintain their current dollar (DXY) exposure. Danish pension funds have already begun repatriating money and reducing their dollar holdings, a trend that could accelerate across the continent following recent developments.

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Via https://t.me/healthimpact/2963