Trump’s desperate move to mess with markets is destined to fail

The AgeIndependentProgressive6 days ago

As the U.S. midterm elections approach, former President Donald Trump's Treasury Department is taking measures to address rising borrowing costs. The Treasury plans to significantly increase its purchase of long-term government bonds, aiming to reduce interest rates. However, these efforts have been largely ineffective, with 30-year bond yields reaching their highest levels since 2007. The increased borrowing costs impact the government, businesses, and consumers, with U.S. public debt surpassing $40 trillion. Treasury Secretary Scott Bessent has implemented various strategies, including adjusting bank capital requirements and supporting legislation related to stablecoin investments, but these actions have not substantially lowered long-term borrowing costs.

Bias read (Progressive): The article uses critical language towards the Trump administration's economic policies, describing them as 'desperate', 'ill-conceived', and highlighting failures in reducing borrowing costs. It frames the Treasury Department's actions as ineffective and dismissive of market forces, suggesting a 'f

The Sydney Morning HeraldIndependentProgressive6 days ago

The article discusses President Donald Trump's Treasury Department's efforts to reduce rising 30-year bond yields by increasing bond buybacks. Analysts estimate these purchases could reach $32 billion per quarter. The move comes amid concerns over soaring borrowing costs, with mortgage rates reaching 7% and public debt surpassing $40 trillion. The Treasury frames the buybacks as 'liquidity support,' but critics argue this misuses a program originally designed for market stability rather than addressing current financial stress. The article highlights past failures of Treasury Secretary Scott Bessent's policies, including failed interventions like yen support and changes to bank capital requirements. It suggests the recent market reaction to the buybacks is unlikely to be sustained.

Bias read (Progressive): The article frames Trump's economic policies as misguided and ineffective, criticizing the Treasury's attempts to manipulate markets. It uses negative language ('desperate', 'failed', 'ill-conceived') to describe the administration's actions, aligning with a left-leaning perspective that views Trump