Dossier
RSM
Coverage of RSM in the Nexus archive.
Scott Bessentperson1George Sorosperson1Stanley Druckenmillerperson1Bank of Japanorganization1US Treasuryorganization1Japanese yentopic1Asian financial crisistopic1Jamie Coxperson1Harris Financial Grouporganization1US Bureau of Labor Statisticsorganization1Tiffany Wildingperson1Joe Brusuelasperson1Bank of Americaorganization1World Cuptopic1
- Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt
Scott Bessent, a former hedge fund manager, is using his experience to stabilize Japan’s yen through U.S. Treasury interventions, citing the yen’s undervaluation. His past work at Soros Fund Management during currency crises and his deep familiarity with Japan underpin his approach.
- On Wall Street, analysts increasingly don’t believe the U.S. government’s ‘misleading’ job numbers
Wall Street analysts are questioning the accuracy of the U.S. Bureau of Labor Statistics' June jobs report, particularly the leisure and hospitality sector's reported job loss during the World Cup. Economists from major institutions argue the numbers are misleading and expect upward revisions as more data becomes available.