Bessent Manipulating The Bond Market & Tariffs
5 Articles
5 Articles
Druckenmiller to Bessent: Let the Bond Market Speak
The sharpest criticism of Treasury Secretary Scott Bessent's bond-buyback plan this week did not come from a partisan opponent or a rival on Wall Street. It came from Stanley Druckenmiller, the legendary macro investor who trained Bessent, in a Wall Street Journal op-ed arguing that the Treasury is trying to manage the price of long-term debt in a market that is working exactly as it should. The market appeared to agree with him: the yields the …
Stanley Druckenmiller, the billionaire investor who mentored U.S. Treasury Secretary Scott Bessent, in the early years of his career as a hedge fund operator alongside George Soros at the Quantum Funds, has suggested that his former disciple is making a mistake by intervening in the bond market.Bessent has committed himself in recent days to raising long-term Treasury bond purchases, a measure widely interpreted on Wall Street as an attempt to r…
When he was working for George Soros, Stanley Druckenmiller had a promising strategist on his side. His name was Scott Bessen — the current secretary of the American Treasury. Now, the former chief thought it was good to give advice to Bessen, who has been facing a crisis of credibility while trying to tame the steep interest rate in the Treasurys market. In an article published now in the Wall Street Journal, Druckenmiller states that high inte…
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