For the Sake of Our Money, Scott Bessent Needs to Shut Up
Forumul Economic Mondial de la Davos
It doesn’t reflect well on a Treasury secretary when the price of gold goes through the roof. As I explained in October (“ Gold Is Booming And That’s Really Bad News ”), it means people expect higher inflation and are losing faith in the stock market along with the overall health of the economy. In such moments, Wall Street longs for a steady hand at the helm. Instead, they get Treasury Secretary Scott Bessent hurtling insults in every direction and giving every impression that he’s about to
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