Bessent

 

Bessent: dollar-denominated stablecoins vehicle for strengthening its role in global finance

https://englundmacro.blogspot.com/2025/07/bessent-dollar-denominated-stablecoins.html



Scott Bessent 
US Treasury Secretary

Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make his mark on it.
Trump’s choice to lead the Treasury Department


Treasury Secretary Scott Bessent; den vuxne i Trumps rum
https://englundmacro.blogspot.com/2025/04/treasury-secretary-scott-bessent-den.html



America’s chief bond salesman, tasked with maintaining investors’ faith in the $29 trillion Treasury market. 

He’ll want to avoid any repeat of Tim Geithner’s now infamous 2008 Cash Room speech, which led to a split-screen CNBC image of President Barack Obama’s newly minted Treasury chief haltingly delivering his first speech — devoid of details — alongside a rolling list of stocks dropping with each word he spoke.

Missing a payment or delaying a Treasury auction would not create a storm in a teacup — it would spell calamity across the world. 

George W. Bush went through two Treasury chiefs before he got to his now-legendary choice of Paulson. 
https://englundmacro.blogspot.com/2025/04/scott-bessent-us-treasury-secretary-tim.html

Henry Paulson of Goldman Sachs


Treasury Secretary Scott Bessent said 
the US continues to have a “strong dollar” policy 
https://englundmacro.blogspot.com/2025/02/bessent-us-continues-to-have-strong.html



Treasury Secretary Bessent has a plan to bring down long-term yields.

The plan is to soon lower the supplementary leverage ratio for banks, which should theoretically allow them to hold more U.S. government debt, lend more freely or both. 

The SLR, established in 2014, is aimed at ensuring that banks have sufficient capital to absorb losses
https://englundmacro.blogspot.com/2025/05/treasury-secretary-bessent-has-plan.html



Bessent Is Treating Treasury Like a Hedge Fund

Two things can be true at the same time: 

First, Bessent is generally right to avoid terming out the US government’s debt at the high prevailing borrowing costs. 

Second, he is being hypocritical (hycklande) given that he criticized his predecessor for leaning into short-dated bill issuance.



Stock futures fall as Treasury secretary Bessent dismisses market worries

Corrections are healthy. They’re normal.

“What’s not healthy is straight-up, that is, euphoric markets,” 

“That’s how you get a financial crisis. It would have been healthier if someone had put the brakes on in ’06-’07. We wouldn’t have had the problems in ’08.
16 March 2025



















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