Bessent's Moves Echo QE as Gold Emerges as Must-Have Asset, Says ByteTree's Morris

Charlie Morris, founder and CIO of ByteTree, argues that Treasury Secretary Scott Bessent’s doubling of long-dated Treasury buys functions as quantitative easing to cap borrowing costs. US public debt has reached $40 trillion, expanding at 8.6% annually and outpacing 6.5% nominal GDP growth.