A current selloff is underway, mirroring the 1987 crash run-up, driven by Iran war fears and criticism of Treasury Secretary Scott Bessent.
1 report, 1 independent
Updated Aug 29
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What happened
A current selloff is underway, mirroring the 1987 crash run-up, driven by Iran war fears and criticism of Treasury Secretary Scott Bessent.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Black Monday
1360 weather disaster
Nothing else this week.
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Scott Bessent
United States Secretary of the Treasury
Related events
- Scott Bessent, serving as U.S. Treasury Secretary, is applying unprecedented financial pressure targeting Tehran.
- Scott Bessent, serving as Treasury Secretary, was questioned by Steve Bannon on economic policies during a recent discussion.
- The Treasury launched an economic onslaught against Iran, while Treasury bond buybacks ignited liquidity hopes for Bitcoin and gold.
- IMF oversight and criticism of economic policy led to investor backlash against Treasury bond buybacks.
- The U.S. Treasury announced a buyback program for long-dated Treasuries and signaled support for the gold market.