Dollar in Hell
Donald Trump has finally said the quiet part out loud. Asked in Iowa whether he was concerned by the dollar’s slide, the US president smiled...
Tag: Scott Bessent
Japan Pulls the Thread, the Bond World Unravels
A sudden surge in volatility on the Japanese government bond market is no longer a local curiosity. It is fast becoming a global stress test....
When the Fed Loses the Plot
Investor certainty over a December rate cut, a confidence the Federal Reserve had itself so carefully stage-managed, has evaporated with theatrical brutality. US Treasuries endured...
Supreme Court Scepticism on Tariffs Leaves Everyone in Limbo
President Donald Trump’s fondness for sweeping tariff powers met a wall of sceptical questions at the Supreme Court on Wednesday, hinting that the justices may...
The Return of the Usual Suspects: Risky Sovereigns Ride the Global Yield Hunt
Some of the world’s most precarious sovereign borrowers are tiptoeing back into international debt markets, eager to cash in on investors’ growing appetite for yield,...
America’s Gold Mirage: The $1 Trillion Ghost Asset
The US Treasury’s gold reserves have supposedly smashed through the $1 trillion mark—more than 90 times the amount recorded on the government’s balance sheet—as the...
Trump’s Tariff Gambit Collides with the Courts
Donald Trump’s most tangible weapon against America’s ballooning deficits, his trademark tariff hikes, now risks being dismantled by the judiciary. In other words, the one...
Trump v. the Fed: Mortgage Allegations, Political Theatre, and the Last Pretence of Independence
Federal Reserve Governor Lisa Cook has made it clear she has no intention of bowing to pressure from President Donald Trump, who has called for...
Trump Eyes Powell’s Replacement, But Powell Might Outstay the Drama
As Donald Trump and his advisers begin circling for a new Federal Reserve chair, they face an awkward little detail: Jerome Powell might not be...