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Luke Gromen, founder, president, macroeconomic analyst, investor at FFTT, LLC (Forest for the Trees), challenges views that Warsh and Bessent could worsen the U.S. and western fiscal or debt situation by taking a so-called "hawkish" stance.
He emphasizes that there is zero chance these policymakers would cause a blowup in the U.S. fiscal or debt position, signaling skepticism toward predictions of a shift away from the "debasement trade."
Gromen has previously tracked shifting sentiment on global risks, noting in May that neoliberal policymakers have grown more concerned over the impact of China on U.S. corporate profits. He also highlighted in April that Veterans' Benefits now account for a record 27 percent of U.S. Defense Department spending. Both data points reflect his continued focus on fiscal and macroeconomic pressures facing the U.S.