Contrary to the implication, the Swedish fund that possibly sold $8b of its $100b worth of US Treasuries did not cite politics as its reason for doing so, and no part of the article backs up that claim. Additionally, selling out of the US dollar as the fed aimed to cut rates and as the dollar declined from historic highs against the Euro seems sensible regardless of politics.
Denmark has been exiting foreign bonds for 10 years, down from a high of $24b in 2016 to $10b in 2025. It’s not only part of a trend, but the cited $100m of bonds sold makes up a negligible 0.00026% of US treasuries.
On that note, 1 USD buys nearly $1.40 CAD.
Politics makes it easy to write stories that paint an incomplete or incorrect picture.
To be fair, the Swedish pension fund specifically cited the US's "large budget deficits and growing government debt" for why they saw it as higher risk. That sort of thing is 100% politicians.
The cited rationale is a perfectly reasonable take.
But most of the world is in the same boat of "large budget deficits and growing government debt". It will be "interesting" for bond issuers and most investors and "exciting fishing" for hedge fund sharks over the next 10 years or so.
That said, I do not agree that it is 100% politicians. At least in the US, that path has been virtually unavoidable after the fiscal spending by G.W. Bush on the 9/11 wars and fully set in stone after 2008 subprime crisis. For the last 15+ years politicians could slow down or speed up the transit a little, but getting off that train has not been an option. My 2c.
Its worse than you think: The United States is currently experiencing a massive, accelerating debt crisis, with the gross federal debt surpassing $38 trillion as of late 2025.
It is growing by $1 trillion roughly every 82 days.
This debt level, which has exceeded 120% of the U.S. GDP,
To be fair, the US has been growing its federal debt my whole life. It is one of those things that seems unsustainable but then it continues. Of course, it is sustainable because of US dollar dominance in the world and that may be faltering with Trump, especially if the Federal Reserve loses its independence.
Every sentence here seems reasonable, weird to see it gray.
I really do wonder what's going to end up happening with the debt...I think we've crossed the point of no return, but I'm not sure. Interest on the debt now exceeds military spending, and US military spending is about 40% of all NATO defense spending.
I've thought about this since I was young, and was fascinated that no one thought it was going to become a problem. There was a nice moment in the late 90s where the US reduced debt, but that was a blip.
Hyperinflation is most likely, pay the debt with useless dollars. Other option is Debt Jubilee, which the Gov't would need to force lenders to write off the debt.
All the petrodollar stuff seems like they are trying to keep the dollar valuable while it hyperinflates AKA knock everyone else's value down while being the most valuable even if it is like $1 trillion to $1 today
Yeah politics or not, the US stock market has a very high exposure to just a couple tech companies, and many of these companies have a very high P/E, and likewise hugely invested in AI (which itself is a risk). Add to that the recent (entirely self-inflicted) geopolitical questions of US reliability, I think it's a smart idea to reduce US exposure in one's portfolio.
Circling back to AI, my (not politically motivated) opinion, is that most of the tremendous supposed value was priced in into AI stock back in 2024, with 2025 gains being either relatively modest or stagnant. With the risks involved, I think it's fair to expect that AI companies can go down a lot, but it's hard to imagine them going up by that much.
Like, for example if NVIDIA gained another $1T in market cap, that'd increase the stock price by 22%, but if they lost that much, it would make it go down by 36%. If we consider both outcomes equally likely (not suggesting this is a reasonable assumption), we're more likely to lose money.
>Contrary to the implication, the Swedish fund that possibly sold $8b of its $100b worth of US Treasuries did not cite politics as its reason for doing so
matt-bornstein's commits in that repo do often start off with ai-generated descriptions which he then edits down. there are notes on some commits that say things like "AI GENERATED NEED TO EDIT". the other contributors' changes don't have these tells.
while it should come as no surprise to have software written by llms, if these books are in fact just picked by llms then what's the point of this list?
I’d be curious what the point is even if it were written by humans with some evidence of non-zero effort, but posting something with no point and no effort is really puzzling.
That's almost more damning. The list was created by humans, who presumably read the books, but then couldn't be bothered to summarize the very books they read? Either the human is really lazy ("read" the book but can't be bothered to write a short summary) or really really lazy (didn't read the book but felt a summary was necessary). Either way, it makes this list less interesting, at the very least because it doesn't need to exist at all if someone can just ask an LLM "list and describe books that A16Z might think are valuable to read" and get the same quality output.
I thoroughly love this experience. I open subscriptions as needed to catch up on things I care about. Otherwise I use the homepage to search for something. No distractions. No infinitely scrolling feed of slop and ads.
There’s a candidate with a literal Nazi symbol tattooed on his chest and not one democrat condemned him or demanded he drop out. Guess his party affiliation.
So let’s just be clear that nobody is playing this fake outrage game anymore.
I don't know about online forums, but all my IRL friends have a lot more balanced takes on AI than this forum. And honestly it extends beyond this forum to the wider internet. Online, the discourse seems extremely polarized: either it's all a pyramid scheme or stories about how development jobs are already defunct and AI can supervise AI etc.
Denmark has been exiting foreign bonds for 10 years, down from a high of $24b in 2016 to $10b in 2025. It’s not only part of a trend, but the cited $100m of bonds sold makes up a negligible 0.00026% of US treasuries.
On that note, 1 USD buys nearly $1.40 CAD.
Politics makes it easy to write stories that paint an incomplete or incorrect picture.