#BessentJapanFXTalks
About BessentJapanFXTalks
Rapoartele au spus că Bessent s-a întâlnit cu guvernatorul BOJ, Ueda, și cu ministrul finanțelor din Japonia la G20 pentru a discuta despre FX, sustenabilitatea fiscală și ratele. USD/JPY rămâne aproape de 160, menținând intervenția în prim-plan. Bessent a spus că Japonia ar putea lua măsuri pentru a susține un yen mai puternic, alimentând așteptările privind majorarea dobânzilor de către BOJ. Oficialii japonezi au declarat că BOJ trebuie să stabilească politica în funcție de condițiile interne, nu de preferințele SUA. Dacă yenul va fi susținut prin intervenție sau majorări va influența dolarul, randamentele Trezoreriei și sentimentul de risc.
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> be Scott Bessent, US Treasury Secretary
> Aug 19: doubles long-end buybacks to stop the 30Y yield
> market gives it all back in a day
> Aug 20: "could be more than $4 billion per issue"
> Aug 24: says he could use nearly $1 TRILLION from the Treasury's
> Warsh goes hawkish instead, September hike odds hit 66%
> today: "I don't believe I can change the equilibrium price"
it took him TWELVE DAYS to surrender and accept the upcoming crisis
Leshka.eth ⛩
🚨 🇺🇸 BESSENT JUST CALLED A MONDAY PRESS CONFERENCE AS THE U.S. BOND MARKET STARTS BREAKING AGAIN
The Treasury Secretary will address the public at 2:00 pm ET.
The timing is fucking insane.
The 30-year U.S. Treasury yield just hit 5.34%. Highest level since 2007.
Washington responded by doubling long-bond buybacks, from $2 billion to at least $4 billion per operation.
Yields dropped immediately.
But within one day most of that move was erased, and the 30-year was back near its peak.
Bessent has already said the buybacks could be increased even further.
U.S. debt is now above $40 trillion, and the cost of financing it keeps rising.
The Treasury is trying to calm a bond sell-off that refuses to stay down.
This announcement will move the entire market.
Be ready.
⚡️This is the tell.
Bessent is effectively saying the political system has already rejected the cleanest forms of debt reduction. Deep spending cuts are not the governing path. Large tax increases are not the governing path. Explicit default is impossible. The strategy is to make the denominator grow faster than the debt burden becomes destabilizing.
That means the entire regime now depends on one inequality:
nominal GDP growth > effective interest burden for long enough that debt/GDP stabilizes or falls.
And “nominal GDP growth” can come from two places:
real productivity growth + inflation.
That is why this matters so much.
The optimistic version is AI, deregulation, energy abundance, capital formation, reshoring, productivity, and private investment generate extraordinary real growth. Tax receipts surge without higher tax rates. Debt becomes smaller relative to a much larger economy.
That is clearly the outcome Bessent wants.
But the arithmetic is unforgiving. The primary deficit is already roughly 3.6% of GDP before interest. So growth has to outrun a fiscal machine that is still adding debt structurally. If Congress keeps running large primary deficits, productivity cannot simply rescue the system once and walk away. It has to outrun the deficit continuously.
If real growth comes in below what the fiscal architecture requires, policymakers have enormous incentive to tolerate higher nominal growth.
Higher nominal growth means some combination of:
stronger real output
higher wages
higher asset prices
higher tax receipts
and higher prices
That last channel is the quiet escape valve.
Nobody needs to announce “we are inflating away the debt.” You simply run policy where nominal GDP compounds at 5%, 6%, 7% while the effective financing cost is restrained and the debt gets diluted relative to the economy.
That is financial repression in its modern form.
BESSENT: THINK DRUCKENMILLER LOST MONEY DAY HE SENT EDITORIAL
BESSENT: HEDGE FUND MANAGERS LIKE TO 'SPEED THINGS UP'
BESSENT: BELIEVE JAPAN, BOJ TO DO THINGS THAT LEAD TO YEN RISE.
$BSB
JUST IN: Treasury Secretary Bessent says the only way for the US to get out of debt is to grow its way out of debt.
$USDS
#FMsays China does not deliberately pursue a trade surplus and opposes unilateral tariff measures in all forms, Foreign Ministry spokesman Guo Jiakun said after US Treasury Secretary Scott Bessent said on Sunday he would urge G20 members to reassess their trade terms with China to ease global economic imbalances.