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I mistakenly assumed Scott Bessent knew better and would do better, given his financial markets experience. From Wikipedia: “He was hired by Soros Fund Managem
by jpster 1y ago
I mistakenly assumed Scott Bessent knew better and would do better, given his financial markets experience.
From Wikipedia: “He was hired by Soros Fund Management, eventually becoming the head of its London office. In this role, in September 1992, he was a leading member of the group that profited by $1 billion on Black Wednesday, the British Pound sterling crisis.”
- ethbr1 1y agoI mean, he did supposedly get Peter Navarro kicked away from the president's ear as a result of the bond market turmoil. When you're part of a circus, sometimes the least-bad option is a relative win.
- jpster 1y agoSupposedly. But Pete was on CNBC today doing all kinds of tortured math to justify the GDP miss. They didn’t kick him far enough.