Torkel Sinnes

Profilbildet er tatt på jobben

[Torkel Sinnes @TorkelSinnes]

@washingtonpost Washington Post using the expanded definition of «traditional», I see

[TK Karlsen @tkknamely]

Ironien her når dette dystopiske (men interessante nok) innlegget er skrevet med KI og tillater fritt spillerom for at arketypisk, umiskjennelig KI-språk gjennomsyrer hele teksten

[Torkel Sinnes @TorkelSinnes]

@Lassefredheim

[Torkel Sinnes @TorkelSinnes]

@DarioCpx https://t.co/AhCpLRSU0e

And now Nscale’s threatening with leaving Norway

[Torkel Sinnes @TorkelSinnes]

@JellyUnderwater Norway has oil aswell

[Torkel Sinnes @TorkelSinnes]

@Blaatusj Amerikanske aksjer er historisk billige!

[tae kim @firstadopter]

Never forget. Even Federal judges can be clueless and incompetent

[Brian Baldinger @BaldyNFL]

.@Patriots @Broncos @DrakeMaye2 on his 7th run to officially put this game to rest...followed by a cool Ellis Family Moment. #BaldysBreakdowns

[Rossabøs finaste @RossaboUnhinged]

Norske Ultras be like:

Raufoss Away💪

[Torkel Sinnes @TorkelSinnes]

@DarioCpx Do you think Takaichi could be this shortsighted knowing her central bank would not be able to cope, both short and long term?

[Torkel Sinnes @TorkelSinnes]

@gunnerpunner Sounds familiar to the noise that came out of United when Ajax were holding out for a bigger fee for Anthony. «They’re ruining both ours and their pre-season by not letting him go»

[AC @ACDAFC]

Rugby have had a version of VAR for over 2 decades and it still takes them 5 minutes to decide whether a try counts or not. A truly dreadful idea that should never have seen the light of day.

[EndGame Macro @onechancefreedm]

Japan’s Treasury Threat Wasn’t a Bluff | It Was a Test

Japan’s Finance Minister Katsunobu Kato shocked markets by implying the country could use its $1+ trillion in U.S. Treasury holdings as a “card” in trade negotiations a subtle but unmistakable signal aimed at Washington amid escalating tariff tensions. Two days later, Tokyo walked it back. Headlines framed it as a retreat. But what actually happened was far more strategic and far more telling.

This wasn’t a policy error. It was a calibrated probe.

Japan floated the idea not to spark panic, but to test the boundaries of U.S. economic tolerance. By introducing the Treasury “card” into public discourse even briefly it forced Washington and global markets to confront a possibility they’ve long dismissed: that America’s closest allies might begin rethinking their role as passive buyers of U.S. debt.

Make no mistake: this is a break in the post-war monetary contract. For decades, Japan recycled trade surpluses into Treasuries, stabilizing the dollar and suppressing U.S. borrowing costs. In return, it gained access to U.S. markets and defense guarantees. But that deal is beginning to fray.

Japan is now trapped between a plunging yen, rising import costs, U.S. trade pressure on semiconductors and EVs, and an aging domestic economy with fiscal stress of its own. Floating the idea of diversifying away from Treasuries even symbolically is a way to signal discomfort without triggering financial retaliation. The walk-back? That’s just diplomatic hygiene. The signal was already sent.

Markets took notice. U.S. Treasury yields ticked up on the initial comment. USD/JPY remains volatile, and Japan’s Ministry of Finance is now under heightened scrutiny. Even without any actual selling, the simple act of naming the “card” has changed the game. Once these tools are mentioned in public, they become part of the strategic landscape.

This isn’t new. China did the same in 2009, warning about the safety of its U.S. holdings. Germany and Japan resisted absorbing dollar weakness in 1987, which helped trigger the bond market collapse that preceded Black Monday. And during the Cold War, the U.S. used economic pressure to ensure its allies stayed in fiscal formation. Japan’s move subtly challenges that architecture.

The real takeaway? The post-Bretton monetary order is entering a period of open testing not just by adversaries, but by allies. Japan may have walked back the Treasury threat in language, but in substance, it placed a marker on the table. The U.S. now knows that Japan knows the card exists.

It’s not a matter of if this happens again it’s a matter of who plays the next card, and how prepared the U.S. is when they do.

[Paddy @PaddyArsenal]

He even predicted the score

[The Factor Report @PeterLBrandt]

@Arbitrage_econs 7%

[Mariana Mazzucato @MazzucatoM]

And… again!!!! 3-0 go gunners!!!!

[S. @SebC__]

Vazquez woke run up = missed

[potetprinsen @potetprinsen]

@wolfgangwee Smarte konservative: "Folk blir faen meg krenka av alt mulig nå til dags!"
[ser lite selvhøytidelige soldater gjøre noe kult for barn]
"REEEEEEE!"

[Torkel Sinnes @TorkelSinnes]

@JellyUnderwater Very interesting summary. Thanks!