
“Look what I have to do is build a strong country. You can’t really watch the stock market. If you look at China, they have a 100-year perspective. We go by quarters, and you can’t go by that. You have to do what’s right. We’re building a tremendous foundation for the future, a tremendous foundation. Everything’s been taken away. We don’t make ships anymore…Honda, Toyota, they’re all coming in. You take a look at what’s
PLEASE NOTE, WE WILL NOT PUBLISH NEXT WEEK AS WE WILL BE OFF FOR SPRING BREAK WITH OUR FAMILY. WE WILL RESUME OUR NORMAL PUBLISHING SCHEDULE THE FOLLOWING WEEK
Before he came into office, Bessent had repeatedly criticized then-Treasury Secretary Janet Yellen for boosting the share of bills, which mature in up to a year, in US debt — something he argued held down longer-term yields and was done to boost the economy before the election. Yet Bessent retained the Yellen team’s plan for debt issuance earlier this month. -Bloomberg, 2/20/25 Asked about his past comments, Bessent said Thursday that “the previous administration shortened some of the duration,
At a global level, there is just one really big surplus (China) – and one really big deficit (the US). That in a sense makes global adjustment easy. -Brad Setser, Council on Foreign Relations, via X, 2/5/25 When paired with Setser’s chart on the prior page, the inference is that China has recycled a substantial portion of its world-leading surpluses into US equities, and specifically, the Nasdaq 100. i.e., the Nasdaq 100 is the biggest