20 august. Bessent 30Y. Trump ”isolera och besegra” hotet från Iran.


Bessent’s Bond-Burner Wasn’t the Big Move He Hoped
The problem, after Treasury Secretary Scott Bessent made a small but hugely symbolic move to stop the steady rise in longer bond yields, is that even his power appears to be limited.
Drastic changes in fiscal policy are needed, not signaling and symbols.

Bessent’s key intervention, announced as Wall Street opened, was to double the amount of 10-year and longer bonds that the Treasury can buy back. If you think this sounds like something the Fed would do, you would be right. 

Monetary policy ever since the Global Financial Crisis has revolved around quantitative easing (QE) — buying bonds to push down their yields.
Kevin Warsh, the new Fed chairman, wants to move away from that and shrink the central bank’s enormous holdings of bonds. 

The 30-year yield — at its highest since the eve of the crisis in 2007 —dropped eight basis points. But the upward trend remains intact.
John Authers Bloomberg August 20, 2026

Treasury Announces Increased Sizes of Nominal Long-End Liquidity Support Buybacks Beginning September 9



Trump varnar andra länder för att låta sina finansinstitut, företag, flygplatser eller statliga organ att tillhandahålla hjälp till Iran och att det kommer att få ”ENORMA ekonomiska konsekvenser”.

”Detta kommer bli en ekonomisk D-dag”, skriver han och manar alla allierade att ställa sig på USA:s sida för att ”isolera och besegra” hotet från Iran.
TT 20 augusti 2026


Trump has a new plan to crush Iran’s economy.  
“Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW.”

Many analysts are skeptical that the revolutionary regime in Tehran, known for inflicting intense repression and economic duress on civilians, will back down in its existential struggle with the US. After all, it’s endured decades of some of the world’s most punitive economic sanctions.

“Those who think that Iran will collapse under the pressure, I think they are mistaken, despite the economic situation,” said Daniel Citrinowicz, who served in Israel Defense Intelligence, including as head of the Iran branch in the Research and Analysis Division. 
CNN 20 August 2026 
 






Kommentarer

Skicka en kommentar

Populära inlägg i den här bloggen

My blogg short index

Bild
1968 Vojne, vojne, vänsterdårarna kommer AI Artificial intelligence https://englundmacro.blogspot.com/2025/06/ai-artificial-intelligence.html Akvedukten vid Zaghouan, Sven Otto Littorin och Niall Ferguson. Denna vackra betraktelse från 1994 har sedan dess legat i mitt bakhuvud. https://englundmacro.blogspot.com/2024/04/akvedukten-vid-zaghouan-sven-otto.html Alistair Darling, Northern Rock och Royal Bank of Scotland https://englundmacro.blogspot.com/2025/07/alistair-darling.html Bank stress tests https://englundmacro.blogspot.com/2025/06/bank-stress-tests.html Bessent https://englundmacro.blogspot.com/2025/06/bessent.html Gordon Brown https://englundmacro.blogspot.com/2025/07/gordon-brown_5.html Buy the dip https://englundmacro.blogspot.com/2025/07/buy-dip.html Fastighetsbolagen https://englundmacro.blogspot.com/2025/07/fastighetsbolagen.html Tomas Fischer https://englundmacro.blogspot.com/2025/07/tomas-fischer.html James Grant https://englundmacro.blogspot.com/2025/07/james-grant.h...
Läs mer

Pfizer in 2019 sold $20 billion of drugs in the U.S. Its federal tax bill? Zero; Ireland

Trump has already singled out pharma companies and countries like Ireland that reap the benefits of tax-avoidance moves.  Despite its small size, Ireland ran an $87 billion trade surplus with the U.S. last year—larger than any country except China, Mexico and Vietnam. https://www.wsj.com/health/pharma/how-trumps-tariffs-could-upend-pharmas-overseas-tax-strategy-5b8ca758 Is Ireland vulnerable again as the world’s vast shadow banking system starts to crack? Shadow banking is the dog that has not barked during the latest global spasm of financial stress. This is very fortunate, especially for small countries such as Ireland that have bet the farm on this industry. https://englundmacro.blogspot.com/2023/04/is-ireland-vulnerable-again-as-worlds.html Cayman Islands https://en.wikipedia.org/wiki/Cayman_Islands What the heck is happening in the Cayman Islands? A Sunny Place for a Shady Online Business https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html Ti...
Läs mer

Cognitive blind spots

Bild
Cognitive blind spots are undermining our ability to see the world as it is, rather than as we would like it to be. At the start of the 21st century, western elites generally assumed that globalisation, democracy and the free market were self-evidently good, and would keep spreading, creating peace. N o longer.  FIS, Swiss Federal Intelligence Service, has published a manual about cognitive blind spots. 18 different cognitive biases that hamper our thinking, such as “group think” (adhering to the cosy assumptions of our tribe), “anchoring” (relying exclusively on whatever information we see first, say on social media),  “confirmation bias” (only seeing data that reinforces pre-existing views),  “mirror imaging” (assuming others think like us),  “absence of evidence” bias (failing to think about the data we lack)  and “survivorship bias” (judging data only with success stories, not failures). Gillian Tett Financial Times 2 January 2026 https://www.ft.com/content/...
Läs mer