The Shared House: Weimar Wheelbarrows, Off-the-Run Treasuries, and Bessent’s Balance Sheet Play Treasury Secretary Scott Bessent has been front and center, vocal, active, and shifting focus directly onto our National Debt. When we talk about national economic strategy, it is easy to get lost in institutional terminology... yield curves, maturity windows, and Treasury buybacks. But at its core, managing a nation's finances is not much different from managing a house you share with 330 million roommates. Back when I worked as a Realtor in my late 20s, I looked at public property through a simple lens: it is property we all bought together. Everyone of us owns it, collaboratively. You can use the street in front of my house... It is yours too, equally and equitably... but you cannot just leave something there... forever. If you need to park to visit my neighbor... go ahead, park. Want to park and go for a random walk around my cul-de-sac... it is all yours. Constitutionally protected....
Systems, Iron, and Yield: Periodical logs on programmatic trading, augmented infrastructure income, and the discipline of a structured life by an algorithmic quant Trader.
A periodical by Michael Medeiros