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Tag: Scott Bessent

Bessent “I am the House” Has Failed

Scott Bessent, the US treasury secretary, announced that the treasury department would triple its buyback of US treasuries, increasing the operation from $2bn to...

Bessent: I AM THE HOUSE NOW

Treasury Secretary Scott Bessent has effectively challenged the bond market to a fight, telling traders, “I have asymmetric information. I am the house now,”...

Bessent Tells Japan to Do What Washington Refuses to Do

Treasury Secretary Scott Bessent is now pressuring Japan to rein in government spending and restore credibility with the bond market as Japanese yields surge....

Who Really Controls Interest Rates?

People constantly ask who has more power over interest rates, Treasury Secretary Scott Bessent or Federal Reserve Chairman Kevin Warsh. Warsh certainly has the more...

Bessent Disagrees on US Credit Downgrade

US Treasury Secretary Scott Bessent rebuked Moody’s lowered rating of US credit from AAA to AA1. “First of all, I think that Moody’s is a lagging...

Let Them Eat Flat Screens

Treasury Secretary Scott Bessent continually denies that tariffs will become a tax on consumers. When asked if the Trump administration was comfortable with the...

US Treasury Secretary Says China Will “Eat any Tariffs”

The primary policy implemented under the Trump Administration that I believe has the potential to destroy the US economy is tariffs. The very people who are...