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Is Secretary Bessent “the house” or a mere player at the casino?
Episode 393
Published 3 weeks, 2 days ago
Description
In today’s Macro Minute, Darius looks at whether Treasury Secretary Scott Bessent is underestimating the power of the bond market, why increased Treasury buybacks may struggle to contain rising yields, and how continued market intervention could ultimately accelerate the path toward Paradigm D, a.k.a. “Default via Debasement.”