@TaylorRevest Why don't you just read what he said?

@MrMBrown Zim has a stock market? You learn something new every day...

@MarketsPuke @jam_croissant If I were the Treasury Secretary, I would tell him: "Over my dead body you will do that!" And I am sure Bessant and everyone else who runs his economic program will tell him the same.

@jam_croissant Just because he might not have known about it, does not mean he "found" it. Cancelling it would be debt monetization. I don't think there is a person on this planet who would think that is a "good idea".

@JimJame74888138 Buy everything. Because it either won't happen, or...who cares?

@TaylorRevest Well, because it's the only way they are created. That, or issued directly to the Fed at that non-comp price. If there is "fraud" in quantity of USTs, there must be fraud in auction system.

If it’s not roughing the passer, it’s offensive pass interference. Eagles are playing against 20. Good night.

Bring back the guy with Alzheimer's. Even he could not come up with something as stupid as this.

Weekly video uploaded. More than you ever wanted to know about what Bessant can and cannot achieve in short term:

@TheHalcyonSavan They might want to. But they can't afford it at $10/gallon. Not to mention that you literally can't fit/park many American cars in a lot of European cities: too big.

@NickTimiraos Well, the same can surely be said of the Republicans who expect it to fall to 0.1%. And since for every buyer there must be a seller, the Democrats will sell their bonds to the Reps. And since the Reps have more money, it's all good :)

@UrbanKaoboy @NickTimiraos However it plays out, a number which reflects Democrats expecting inflation to double and Republicans to fall to lower than it has ever been in decades, all in the next year, is a complete joke. A bit like their football team. *Ducks*

@Econ_Parker Just a joke number.

@Fullcarry You ask a question of an idiot, you get an idiotic answer. 🤦‍♀️

I don't know about you, but I get about 3 robocalls each and every day trying to sell me something called Medicare A & B. I have no idea what the fraud is. But it's very annoying and it's all coming from India. If @realDonaldTrump really wants to fill the Treasury coffers, all he has to go is stick a $10 tax per phone call to and from India. No one in US would ever have to work again. If only we had that tech back in Clive's days. No need to travel months on rickety ships, defying death through disease to colonize. Just tax the spam calls. 😁

This is my quant. Obvious, innit? 🤦‍♀️

In which case, it's really, really easy to do: remove budgetary stimulus, GDP growth goes down, term premia go down, Fed eases, 10yr yields down. The difficult part is doing it without lowering stock prices much, ie: recession. And almost impossible while his real growth target is 3%. Not unless inflation is like 1% or even lower. He pulls all of this off, he is a magician.