Bessent Takes Tricky Center Stage as Trade Wars Roil U.S. Economy
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
The Treasury secretary received counsel and criticism from some of his predecessors over President Trump’s policies.
Yves here. This post attempts to make sense of Trump’s thinking and actions on the trade and tariff front. Sadly, it appears that Trump latched on to his beliefs about…
Yves here. Yours truly is a privacy fetishist (a very much uphill battle), particularly about sensitive data like health information. For instance, I inconvenience myself regarding how I deal with…
I hope readers will forgive me for relying heavily on a fresh interview at Dialogue Works to assess the prospects for a “deal” between the US and Iran on its…
Peter R. Orszag, the C.E.O. of Lazard, discusses how markets are reacting to the uncertainty of Trump’s tariffs.
Kawasaki Shows off Concept for Rideable Horse Robot Futurism US abandoned nuclear plant finds surprising second life as world’s quietest sound lab Interesting Engineering Yes, Canada geese are annoying. But…
“Are they just playing insane or are they actually insane?” Amid all the economic chaos and fallout triggered by Trump’s tariffs barrage and with markets continuing to slide even after…
Yves here. We’re again and again seeing the Trump Administration use the same radical yet so far effective playbook: deny Congressionally mandated payments under all sorts of programs by smashing…
Yves here. This post goes carefully through ownership and trends in holding of Treasuries. It concludes that official holders, as in governments, look likely to further reduce their stakes, but…
Most commentators have been whipsawed by the Trump tariff climbdown along with the wild stock and Treasury market moves, and so have been focusing on why Trump relented and immediate…