Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
- Scott Bessent: 2 events in the last 90 days
- Previous: earlier the same day · Scott Bessent takes on bond vigilantes in $32tn Treasury market
What happened
"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."
Summary assembled by rule from the sources below
Timeline
- First appeared on FortuneFortune