“The first thing that Jay did was to implement an even more aggressive version of Ben Bernanke's financial market stabilization where he was willing to effectively backstop private sector borrowing”

The Real Eisman Playbook · 5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78

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42:50

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What was described

backstopped private-sector borrowing (not just government bonds) to stabilize financial markets

Said nearby on the same subject

“They will just be ending up buying French government bonds if this continues”
♫
Said on Unhedged
Why it worked Share this moment
“The US government has borrowed an astonishing amount of money, I mean, it's over $40 trillion now.”
RW
Rob Wigglesworth
Better Offline ·
Hard number over $40 trillion Share this moment
“Hyperscalers dramatically increasing their CapEx commitments... now net free cash flow negative... going to the bond market and the long end of the bond market”
DR
David Rosenberg
Macro Voices ·
Why it worked Share this moment
“Hanson wrote up the academic case for prediction markets generally, invented policy prediction markets, pointed out prediction markets' potential uses in science and governance and corporate governance and pushed for early prediction markets to get started.”
♫
Said on LessWrong (Curated & Popular)
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