‘Sell America’ Is the Long Game for Europeans

By Chris Bryant Source: Bloomberg No sooner had Deutsche Bank AG currency strategist George Saravelos raised the possibility of Europeans selling some of their $8 trillion of US assets because of Donald Trump’s threats toward Greenland, a pile-on began. US Treasury Secretary Scott Bessent was bothered enough to take time out to argue why this was wishful thinking. But after the Americans initiated a swift climbdown on Greenland at Davos — no invasion or tariffs on disobedient Europeans — [...]