Bessent is in panic mode... he intervened to support the yen. To prevent Japan from selling even more US assets, he joined Japan in a massive coordinated intervention. But instead of selling USD, the US sold EUR. To keep this war going, the US has to bail out major holders of US assets to prevent
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Bessent is in panic mode
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Bessent intervened to support the yen
he intervened to support the yen
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Bessent joined Japan in a massive coordinated intervention
he joined Japan in a massive coordinated intervention
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The intervention was intended to prevent Japan from selling even more US assets
to prevent Japan from selling even more US assets
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The US sold EUR instead of selling USD
But instead of selling USD, the US sold EUR
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The US has to bail out major holders of US assets
the US has to bail out major holders of US assets
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The bailouts were intended to keep the war going and prevent them from selling Treasuries
To keep this war going, the US has to bail out major holders of US assets to prevent them from selling... especially Treasuries
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The US simply can't afford this war
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The war only escalates when markets are closed
it only escalates when markets are closed
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