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@jessefelder.com

‘Bessent could have used his bully pulpit to call for a bipartisan fiscal reform. Instead, he is acting as if America can avoid hard fiscal choices by using clever market arbitrage, endless AI optimism — and its exorbitant privilege.‘ www.ft.com/content/bf95...

ft.comBeware Bessent’s tilt towards short-term debtIf inflation and debt rise and AI optimism falls, then the danger of reducing Treasury maturities grows

23/10/26, 6:01 pm49 reposts186 likes

@jazzcomposer.bsky.social

Doesn't Bessent know that using short term debt to pay for long term assets is a sign of desperation and/or incompetence? Don't worry, rump, the bankruptcy king, says it ok in Executive Satire Order 666. www.whitecoatinvestor.com/dont-finance...

whitecoatinvestor.comDon't Finance Long-Term Assets with Short-Term Debt | White Coat InvestorThis might seem obvious in retrospect, but here are some reasons why you should not finance long-term assets with short-term debt.

stevedemos66.bsky.social

@stevedemos66.bsky.social

Bessent is way out of his depth and doesn’t know how to ask for help.

coconutlizard.bsky.social

@coconutlizard.bsky.social

Mannequin liar

nycrogue.bsky.social

@nycrogue.bsky.social

Maybe I missed basic finance but aren't short term loans the ones with the highest interest rate?

I hate him & his voters

@jillco.bsky.social

He was called a pro when nominated. He's a quack.

Sea Onion Software

@seaonion.bsky.social

Bessent is a complete tool.

From Heron w/no rEgrets

@herondude.bsky.social

... until a Democrat occupies the White, then it will be draconian cuts to everything but the military (which should be cut in half).

From Heron w/no rEgrets

@herondude.bsky.social

argh... auto-mangle did it again... should be "WH"