Trump’s 2 ongoing wars, his $2.2 Trillion budget request, rising interest rates, rising inflation all point towards a deliberate decline of the global economy’s engine room - the US economy.
He was actually voted in on a platform of ending wars and controlling inflation which Biden wasn’t able to do, and bringing jobs back to the US.
But after being elected Trump has done a Zelensky and is going full steam ahead in the exact opposite direction.
On Friday the US 10 year yield was back up to 4.7% which has been the trigger for intervention to prevent it reaching the dreaded voodoo 5%, the last by Bessent was his doubling of the government's bond buy back scheme which only eased the market for just a couple of days.
A couple of days is about average for all of Bessent’s attempts at market manipulation, a game in which he is a master having graduated from the school of Soros. If he can’t do it it’s probably not possible.
The interest on US 10 year Treasuries sets the benchmark for all borrowing interest rates, mortgages, credit cards, car loans. The Fed has some influence in setting a rate but it can’t buck the market, it must operate within the confines of what the market will tolerate.
Which is why the Fed is not following Trump’s wishes to just lower the rate themselves, the market would just ignore it, and so Trump sent Bessent to deal with the problem using his own special skills, and the market is just ignoring him as well.
3 short vids and the US 10 year yield chart;
The Bond Market Is Panicking | G7 + Euro Area 10-Year Bond Yields (1995-2026)
Why The Bond Market Just Declared War On The Treasury — w/ Chris Martenson
The US will default, just not how you think
