JPMorgan: The $4 billion bond repurchase by Bessent is like using a credit card to pay a mortgage
2026-08-25 23:52:38
According to CoinMeta, JPMorgan is using the $4 billion bond repurchase from Scott Bessent to pay for mortgage loans with credit cards, as the U.S. national debt has already reached $40 trillion. James Sullivan of JPMorgan stated in a program on CNBC that although this approach may be feasible in the short term, it will ultimately reveal mismatches. The U.S. Treasury Department plans to improve market conditions by repurchasing more debt, although this measure may only be a temporary solution.
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Source:Internet
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