Andreas Steno: the marginal buyer of US Treasuries is mostly a hedge fund.
He argues it is getting harder to get foreigners to buy US debt so the Treasury is hunting for alternative buyers, and hedge funds have stepped into that gap.
Steno reads Scott Bessent's moves over the
A member inside Real Vision spent the week arguing that Uber is a drone company hiding inside a taxi app.
He's one of five in this week's ideas roundup, alongside a bullish VVV re-entry, SUI against Bitcoin, SuperRare as the toll booth for onchain art, and Lloyds for the
Chart of the Week comes from Alpha member Chuck Anderson.
It tracks the solar China and the US added each year since 2016. Back then they were within about 18 gigawatts of each other.
In 2025 China added 315 gigawatts against 43 for the US, nearly seven times the build in a
