Bessent's interventions amount to QE, and 'gold is the must-have asset' - ByteTree's Morris - KITCO
Bessent's interventions amount to QE, and 'gold is the must-have asset' - ByteTree's Morris - KITCO
Source: KITCO
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DW NOTE
Bessent's bond interventions suppress long-term yields while expanding the monetary base — that's the operational definition of QE, whatever you call it. ByteTree is stating the obvious: when central banks cap rates in a deficit spiral, hard assets reprice the debasement Treasury yields refuse to show.