Bessent: “We’ll develop our manner out of debt.”
Actual GDP development:
2023: +2.9%
2024: +2.8%
2025: +2.1%
2026: +1.5% (Q2 annualized)US debt development:
2023: +7.2%
2024: +6.9%
2025: +6.1%
2026: +7.5% (final 12 months)Debt is rising 2–3× quicker than the financial system.
You don’t develop your…
— Fthegurus (@fthegurus) August 26, 2026
Warsh speaks at Jackson Gap on Friday.
The backdrop:
– Inflation: 3.7%
– Core PCE: 3.3%
– The bond market: pricing fee hikes
– The buyer: slowing
– 30-year yields: highest since 2007The Fed is being pulled in reverse instructions.
Warsh’s speech might inform us which threat…
— Nic (@puckrin) August 26, 2026
