US Treasury buyback announcement sets fire to the US dollar.

Today, looking of course at the impact of the US Treasury's increase of its treasury buyback program and the knock-on effects across asset markets, particularly the plunge in the US dollar versus hard- and even more so crypto assets. Importantly, we don't feel we have all of the answers, but hopefully we are asking some of the most important questions and pointing out the pivotal developments to watch as we head for what is now a much higher stakes Jackson Hole appearance by Fed Chair Warsh next week, after the Treasury has sent this critical signal. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.

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