All posts tagged "Bonds"

Treasury Secretary Scott Bessent is repeating the same doomed bond-market play he once got rich betting against, according to an economic analyst.

Catherine Rampell, economics editor at The Bulwark, made the case on an episode of her podcast "Receipts" on Tuesday as she and journalist Sam Stein picked apart Bessent's recent interview with Axios, in which he stood by telling markets last month, "I am the house now."

"No, 'cause look, the house doesn't win every hand," Bessent told Axios. "The house plays the percentages." He conceded he may have "hurt some fragile egos on Wall Street."...

Federal Reserve Chair Kevin Warsh delivered a much-anticipated policy speech and said almost nothing, which economics columnist Catherine Rampell says was the point.

During a Friday morning speech in Jackson Hole, Wyoming, Warsh warned that inflation remained "still worrisome" and landed a single joke aimed at monetary-policy obsessives. The audience could call his remarks "an outline" or "a framework," he said, "but don't call it forward guidance."

Watching Warsh is "like reading a scroll in a different language that you're not familiar with," journalist Sam Stein said in a Friday episode of Receipts Live. Stein argued that a Fed chair's job is "to never make news."...

ORLANDO, Fla. — Central Florida lawmakers suspect Gov. Ron DeSantis is planning to replace Disney World’s special government district with a new one that he would control. DeSantis hasn’t released a plan for the future of the Reedy Creek Improvement District, which is set to be dissolved on June 1, 2023. State Sen. Linda Stewart, an Orlando Democrat, said one scenario could involve a new state-run district with board members appointed by the governor. “The governor will establish a new district, that’s our latest word ... controlled by the governor with appointments by the governor,” she said ......

MIAMI — As Florida legislators were rushing through passage of a bill to repeal the special district that governs Walt Disney World last week, they failed to notice an obscure provision in state law that says the state could not do what legislators were doing — unless the district’s bond debt was paid off. Disney, however, noticed and quietly sent a note to its investors to show that it was confident the Legislature’s attempt to dissolve the special taxing district operating the 39-square mile parcel it owned in two counties violated the “pledge” the state made when it enacted the district in ......