The liquidation of US treasuries by Russia is interesting. If Russia did this to leverage the US in some way, it failed. The market shrugged. Why? Because Russia is a small economic player, not even in the top ten. In fact, California alone has nearly twice the GDP of Russia.

The liquidation of US treasuries by Russia is interesting. If Russia did this to leverage the US in some way, it failed. The market shrugged. Why? Because Russia is a small economic player, not even in the top ten. In fact, California alone has nearly twice the GDP of Russia. https://t.co/JgVSBOBKWM

— Ted Lieu (@tedlieu) July 29, 2018