Person
Applied economics professor at Johns Hopkins known as the "Money Doctor" for advising governments on currency reform and dollarization.
The National Assembly named Steve Hanke special adviser and told him to write a full dollarization law. He puts the odds of passage at 50% to 80%.
Reality
The waiver is small against a year of American beef demand and not small against the ground beef it targets. Ranchers will price the risk off expectations, not tonnage.
Perspective Coverage
3 publishersReality
Caracas puts the bill above $100 billion for reserves the White House says more than double America's, a stock claim with no schedule attached while the only new barrels come from Chevron tuning old wells.
Perspective Coverage
5 publishersReality
The European Securities and Markets Authority put the phrase in a report published Thursday. Among the venues it describes is Polymarket, valued at $21 billion after Donald Trump Jr.'s 1789 Capital bought in when it was worth under a billion.
Reality
The Johns Hopkins economist advising Caracas puts approval odds at 50 to 80 percent. What passes or fails is the largest retirement of a currency since the euro, and the end of a lender of last resort.
Reality
The 10-year sits at 4.696% and the 30-year at 5.284%, both through the markers the Treasury Secretary was defending. The long end is pricing credibility, not the next rate decision.
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Steve Hanke says a "deadly cocktail" has pushed Treasury yields through the informal 4.5% and 5% markers Scott Bessent defends, and he expects another 50 basis points on the 10-year.
Reality