Arthur Hayes says Bessent is now repeating all of Yellen’s mistakes

Arthur Hayes says Scott Bessent is becoming Janet Yellen through Treasury liquidity. Arthur opens “Same Same But Different” with a night at Pacha. Scott, his “Buffalo Bill,” runs into Yellen. Yellen mocks him because his buyback increase calmed yields for only one session. Arthur’s point is that Scott sounded different from Yellen, yet both reach...