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
"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."
"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."
BELLINGS Intelligence Score: 62
Why it matters
The Treasury's debt buyback program raises significant concerns about potential dollar devaluation, which could materially influence monetary policy expectations and credit-market conditions, making it a notable monetary-policy signal for sophisticated readers.
Sources
Fortune
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
"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."