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Scott Bessent Is in Denial – and the Bond Market Is Watching

Desmond Lachman thinks the US Treasury secretary is underestimating the risk of a fiscal meltdown.

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project-syndicate.orgStai leggendo7 mesi fa

Desmond Lachman thinks the US Treasury secretary is underestimating the risk of a fiscal meltdown.

“Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant,” said Scott Bessent.