Michael Burry says hedge funds are positioning against Bessent's yen bet
Michael Burry stated that the last remaining real hedge funds are building positions specifically to take on Treasury Secretary Scott Bessent's bet on the yen. A second account from a different author references Bessent's yen positioning and the historical parallel to his 1992 Soros trade against the Bank of England's pound defense.
Detected & updated continuously · Source: Nebula
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@BullTheoryio
BREAKING: Michael Burry says the last real hedge funds left are now building positions specifically to take on Treasury Secretary Scott Bessent's bet on the yen. https://t.co/Ywg9dCwPS0
@jpmayall
In 1992 Bessent was on the Soros team betting against the house, back when the Bank of England swore it would defend the pound. Now he says he is the house. All that's missing is Michael Burry announcing a short on Treasuries to confirm the house actually wins this one. 😂