4 ms·

Wait, no way! Someone posted a zoomed up photo of a US official (can't recall who) of a notepad a few days ago saying "To do: Buy Yen 5Y - 10Y" or something si

Wait, no way! Someone posted a zoomed up photo of a US official (can't recall who) of a notepad a few days ago saying "To do: Buy Yen 5Y - 10Y" or something similar

IAmGraydon 2mo ago
Bessent wrote that note very large and intentionally left it visible in hopes that it would be photographed and the market would do the work for him. If the market believes the US Government is going to spend $10B on JPY, it will happily price it right in without the US having to spend a penny.
- phatfish 2mo ago
  It does have an air of Austin Powers about it. Dr Evil's notepad in his evil lair. "To Do: Kill Austin Powers tomorrow!"
- ifwinterco 2mo ago
  These guys never do anything by accident, like when Jamie Dimon said "I probably shouldn't say this, but if you see one cockroach there's probably more". You don't get to manoeuvre yourself to being the head of JP Morgan by starting sentences with "I probably shouldn't say this" in interviews and then saying something you actually think you shouldn't say
Aboutplants 2mo ago
Which is hilarious because 5-10 billion dollars worth of Yen is not going to do much in the grand scheme of things. It’s a speed bump not a stop sign.
- bogota 2mo ago
  [dead]
- eszed 2mo ago
  I believe that would mean 5-year or 10-year, as in the terms of the bonds. No amount disclosed.
  - rcMgD2BwE72F 2mo ago
    Yet the photo in Reuters article reads "bil."
    - eszed 2mo ago
      You are correct, and deserve the up votes. I hadn't seen the actual photo. At the same time... How dumb is that? As the commenter above points out, $5-10B would be a drop in a bucket.
  - yed 2mo ago
    In the note it was written as “$5 - 10 bil”
  - deleted 2mo ago
    [deleted]
  - Freedom2 2mo ago
    You are completely wrong, the photo has "bil" on it.
- ProllyInfamous 2mo ago
  "Show me the personal incentives, and I'll tell you the outcome." –Someone way the hell wiser than myself
  - Ey7NFZ3P0nzAe 2mo ago
    It's Charlie Munger AFAIK
    - ProllyInfamous 2mo ago
      Makes sense, he was a lifelong hero (not just for his good fiscal advice, but also his advice on Man), so perhaps I was semi-listening... #RIP
dr_coffee 2mo ago
It was US Treasury Secretary Scott Bessent https://www.reuters.com/world/asia-pacific/bessents-to-do-list-buy-5-10-billion-worth-japanese-yen-reuters-photo-shows-2026-07-31/ https://www.reuters.com/world/asia-pacific/bessents-to-do-li...
- ProllyInfamous 2mo ago
  [flagged]

Wait, no way! Someone posted a zoomed up photo of a US official (can't recall who) of a notepad a few days ago saying "To do: Buy Yen 5Y - 10Y" or something similar

IAmGraydon 2mo ago

Bessent wrote that note very large and intentionally left it visible in hopes that it would be photographed and the market would do the work for him. If the market believes the US Government is going to spend $10B on JPY, it will happily price it right in without the US having to spend a penny.

phatfish 2mo ago
It does have an air of Austin Powers about it. Dr Evil's notepad in his evil lair. "To Do: Kill Austin Powers tomorrow!"
ifwinterco 2mo ago
These guys never do anything by accident, like when Jamie Dimon said "I probably shouldn't say this, but if you see one cockroach there's probably more". You don't get to manoeuvre yourself to being the head of JP Morgan by starting sentences with "I probably shouldn't say this" in interviews and then saying something you actually think you shouldn't say

Aboutplants 2mo ago

Which is hilarious because 5-10 billion dollars worth of Yen is not going to do much in the grand scheme of things. It’s a speed bump not a stop sign.

bogota 2mo ago
[dead]
eszed 2mo ago
I believe that would mean 5-year or 10-year, as in the terms of the bonds. No amount disclosed.
- rcMgD2BwE72F 2mo ago
  Yet the photo in Reuters article reads "bil."
  - eszed 2mo ago
    You are correct, and deserve the up votes. I hadn't seen the actual photo. At the same time... How dumb is that? As the commenter above points out, $5-10B would be a drop in a bucket.
- yed 2mo ago
  In the note it was written as “$5 - 10 bil”
- deleted 2mo ago
  [deleted]
- Freedom2 2mo ago
  You are completely wrong, the photo has "bil" on it.
ProllyInfamous 2mo ago
"Show me the personal incentives, and I'll tell you the outcome." –Someone way the hell wiser than myself
- Ey7NFZ3P0nzAe 2mo ago
  It's Charlie Munger AFAIK
  - ProllyInfamous 2mo ago
    Makes sense, he was a lifelong hero (not just for his good fiscal advice, but also his advice on Man), so perhaps I was semi-listening... #RIP

dr_coffee 2mo ago

It was US Treasury Secretary Scott Bessent https://www.reuters.com/world/asia-pacific/bessents-to-do-list-buy-5-10-billion-worth-japanese-yen-reuters-photo-shows-2026-07-31/ https://www.reuters.com/world/asia-pacific/bessents-to-do-li...

ProllyInfamous 2mo ago
[flagged]