News and my thoughts from last week (09Jun25) - Bonds, AI, BNPL

News and my thoughts from last week (09Jun25)

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The U.S. Treasury bought back $10 billion worth of its own bonds on Tuesday – the largest buyback in history – in a bid to support a weakening Treasury market. If enacted, President Donald Trump’s proposed “Big Beautiful Bill,” likely to increase the deficit even more, could accelerate an already deteriorating fiscal picture for the U.S. Earlier this week, Treasury Secretary Scott Bessent sought to calm fears by declaring the U.S. will “never default” – but when a Treasury Secretary has to say that out loud, it’s clear that a default is a real possibility. - X user Porter Stansberry

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All you need to know about the current trade negotiations between the U.S. and China: 1. The U.S. simply cannot do without Chinese rare earths 2. China would rather not do without U.S. markets 3. Six to twelve months of negotiations, regardless of what the two leaders decide. - X user Mitch Presnick

Fewer international tourists are visiting the US, per CNBC

Affirm, Klarna and BNPL need to understand that the reasons why people need BNPL are the same reasons why we should not offer them. It is only a matter of time before they crash into a debt wall. - Forbes

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