Post

@iankmsmith.ft.com

"Bessent is acting as if America can avoid hard fiscal choices by using clever market arbitrage, endless AI optimism — and its exorbitant privilege" Nice column from Gillian Tett on Bessent's tilt to short-term debt issuance www.ft.com/content/bf95...

ft.comBeware Bessent’s tilt towards short-term debtIf inflation and debt rise and AI optimism falls, then the danger of reducing Treasury maturities grows

Ian Smith

@iankmsmith.ft.com

our recent story on the tilt www.ft.com/content/3fce...

ft.comWall Street expects US to issue about $1tn of short-term debt as borrowing costs climbGrowing reliance on Treasury bills comes as Scott Bessent seeks to curb rise in long-term rates

23/10/26, 11:29 am0 reposts1 like

Yolonomics

@yolonomics.life

Economic ideas too strongly driven by past experiences? Bessent might be a strong contender here.

Yolonomics@yolonomics.life

Scott Bessent, Yanis Varoufakis & Masayoshi Son have more in common than one would expect. They all like to gamble with debt and swap long-term fiscal credibility for short-term liquidity. Don't be so square. Jazz it up baby. Coming through, high rollers in the house.