Author of Broken Money & The Stolguard Incident. Investor with a blended engineering/finance background. GP @egodeathcapital. Director at Bakkt & @Swan.
The impacts of Treasury buybacks are often overstated/sensationalized, but the signal here is that Bessent = Yellen.
*Everyone* who comes into power blinks once they encounter the fiscal train. Doesn't matter what they said before.