“Why would I want to blow up the global financial system?” Treasury Secretary Scott Bessent said during a press conference earlier this week, while discussing Iran. In our history, no president or White House would deliberately hurt the global economy, right?
However, some believe Treasury Secretary Bessent and President Trump have harmed both our economy and the global economy through self-inflicted errors. The U.S. Bond Market is making headlines this week.
Billionaire investor Stanley Druckenmiller blasted Bessent in a Wall Street Journal op-ed. Druckenmiller’s column, “Let the Bond Market Speak,” set off alarms.
The respected billionaire said that Bessent’s bond market maneuvers are not the way to fix bond yields, that his efforts will fail, and that it will give allies another reason to lose trust in America.
Stephanie Ruhle tried to explain why Druckenmiller’s op-ed was a big deal:
Self-Inflicted Errors
According to reports from MSNow, the Trump administration has made multiple self-inflicted errors:
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