β‘οΈπΊπΈ Scott Bessent on CNBC: βThe market and the economy have become hooked, become addicted, to excessive government spending and thereβs going to be a detox period.β
Discussion
When the dollar collapse happens will be the real detox for these statists
As they raise the debt ceiling!!
CODICIA π₯
Itβs like nostr:nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwwdhx7un59eek7cmfv9kqe9msas put it, the teenager had their credit card taken away and now has to find a job to pay bills for the first time. Itβs healthy, it takes a little time, and risk assets will do well on the flip side as dollar index weakens, inflation mitigates, and the Fed will be last to ease and cut rates. Stay patient and stack #bitcoin as the market tantrum likely ends soon
I have 5 teens and an ex wife. I know all about tantrums.
Does anyone have that bar chart of the number of treasuries expected to mature each month from now? I remember maybe Jeff showed it. How it was so high over the next few months compared to May/June. I think the idea was that these bonds? would be rolling off the balance sheet which will significantly lower the interest repayments, particularly if interest rates are lower. I'm pretty convinced that is the main goal of Trump's tariffs, and better trade conditions for the US are just a bonus.
How? Where are yall actually seeing this? Govt spending isn't decreasing. M2 still rising. QT rate diminishing. 0% c/c credit being handed out like crazy. How has the "credit card" been taken away and where is the "detox".
Exactly this, there is no detox! Thereβs pretend detox and soon, start the printer again. Nothing stops it.