Treasury Secretary Bessent faces backlash over surprise bond buybacks

"Bessent has zero credibility on the global stage and appears in over his head. [He] appears to be more preoccupied with being a yes-man to Trump than actually protecting the full faith and credit of the United States." www.theguardian.com/business/202...

🧐 IRAN 8/28/26: Trump, Hegseth, and Bessent can pretend that the Strait of Hormuz is open and that Iran is collapsing, but that won't change the facts on the ground. Iran is closely monitoring the Japanese yen, the US bond market, and other key economic indicators. Prof Marandi

Today locals in Asheville, NC rallied against the G20 financial summit taking place in the small Appalachian town this weekend. While US Sec. of the Treasury Scott Bessent meets with central bank governors and other financiers, residents lined the streets and spoke out vimeo.com/1222372992?s...

Scott Bessent called 'worst treasury secretary in history' after baffling move: report #RawStory

Trump wants his crypto to be the world currency Is Scott Bessent Trying To Blow Up The Global Financial System?. crooksandliars.com/2026/08/scot...

8/8 Trapped between bond market realities and loyalty to an unpredictable president, Scott Bessent risks sacrificing his standing and the full faith and credit of the United States. Source: David Smith, The Guardian www.theguardian.com/business/202...

there's a rumour that an actual economist respects Bessent, but apparently it was a case of mistaken identity www.theguardian.com/business/202...

Bessent is trying to force down US Treasury yields with surprise bond buybacks — and it isn't working. In this video we break down Bessent's activist debt management strategy…why his old boss Stanley Druckenmiller publicly tore the plan apart… youtube.com/watch?v=wZaY...

I previously asked why Bessent performed actions that would fail without constant support. It turns out, his long bond buyback announcement had an end date: November 4th, the day *after* the midterms. In an effort to avoid a humiliating midterm loss, Bessent is willing to lower the credibility […]

There's quite the disconnect in US economic policymaking right now. Kevin Warsh says "The Fed needs clear market signals, as unfiltered as possible". Meanwhile, Scott Bessent is busy telling markets that long-term bond yields are too high, and intervening to lower them...

“Because the first treasury sec was a true genius, the distance between Hamilton & Bessent in evolutionary scale is the difference between a flea and a human being. He is inept, he is incompetent, he is dishonest, he is smug, he is craven” Scott Bessent called 'worst treasury secretary in history'

And drinking too much gets you drunk. Do we really need to be told this? He's the idiot who sold Euros to buy off the yen slide without telling Europe. No coordination. Where was the order there? What was the plan, Scott? Scott Bessent is a pillock and even his own mentor called him out.

Thanks so much Randy 💖 - just posted on my page now. Great packs - give this a read if you haven't seen it. By Catherine Rampell who I have always enjoyed - and she is also here on Bluesky. Not just Bessent but also Warsh.

There's little optimism about treasury secretary's ability to handle Trump's tariffs, Iran sanctions & colossal US debt1 :( www.theguardian.com/business/202...

"a series of 'red flashing signals' on Fox Business, warning that climbing global bond yields were dragging prices lower, a pattern he likened to the run-up to 1987's Black Monday crash." www.rawstory.com/scott-bessen...