Robert Peston
speaker
5,884 appearances
45 recordings
5 series
first heard Nov 2025
last heard yesterday
Robert Peston’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 45 in all, peaking in Jun 2026 with 9.
Appearances
The reason I've been lending to the US is because it's you know one of the fastest growing economies.
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It's not because of the AI collapse gonna be a fast growing economy, uh certainly for a while.
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And I mean you could have a situation where you had a twin crisis of both an American sovereign debt crisis coupled with an AI equity and debt.
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crisis.
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There's just a an enormous amount of anxiety at the moment about how close to
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genuine Armageddon financial markets are.
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I'm not be absolutely clear forecasting Armageddon tomorrow, but there are some, to use a phrase, really huge financial imbalances uh in the world and most of them um are located right now in a both the American private and public sector.
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There is and I mean I think you hit on something really important there, which is Scott Bessant in buying back US debt, and he did something else.
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You talked about Japan, he did something else that was really quite remarkable, which is in order to help the Japanese strengthen the yen, this happened a few weeks ago, but it was really striking.
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Normally uh you would uh you know essentially
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Facilitate the sale of US assets to strengthen, because I mean he is American after all, he's the US Treasury Secretary.
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What America did, which was bizarre, was they sold Euro-denominated government debt rather than American government debt to strengthen the yen.
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And so what this led investors to say in both cases, both the way that he's buying back, you know, dollar assets and selling other assets other than the dollar, is he
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He is obviously deeply worried of you know declining confidence in the dollar, in dollar assets.
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Um and of course that then has, for some investors, precisely the opposite effect that he wants.
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He wants to strengthen the the the dollar, but people are saying, Oh gosh, uh the US Treasury Secretary d obviously, you know, is anxious.
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People don't want the dollar anymore.
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And that becomes potentially
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a self fulfilling downward spiral.
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Now, we're not in anything like that c catastrophe right now.
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Showing 1041–1060 of 5,884 · page 53 of 295
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