Bessent mentor @standuquesne is the second largest investor in Argentina's main exchange traded fund and his former Soros colleague Rob Citrone, who made Argentina his fund's biggest bet in Latin America, personally pushed for the US bailout.
nytimes.com/2025/10/09/us/…
Scott Bessent just ENDED both Kamala Harris and Pete Buttigieg’s careers in one fell swoop.
Bessent, who is gay, was asked to respond to Kamala’s recent claim that she didn’t choose Buttigieg as a running mate because he was gay.
He laid out three reasons why that excuse is TOTAL nonsense:
“First, it shows her emphasis on identity politics and you know, the American people moved on.”
“Two, it shows how low regard she holds American people… she was a terrible candidate.”
“And three, you wouldn’t pick Pete Buttigieg because he might have been worst Transportation Secretary in history.”
“She judges him on his identity, his sexuality… let’s look and see whether he did a good job. Let’s look on merit, and I can tell you, on merit he’s a failure.”
“And on merit, she’s a failure.”
Bessent is lowkey a SAVAGE.
@U_S_Steel@WhiteHouse Blocking the deal is a clear NEGATIVE for national security. Japan is an extremely important ally and the deal would save union jobs and USA steel production. Hopefully the Trump administration will put together a deal correcting Biden’s mistake
💪 Over 2,000 people have written @WhiteHouse urging support for #USSteel’s partnership with Nippon Steel! This deal protects jobs, communities, & national security while boosting American manufacturing. Let’s keep it going—add your voice today! 📣 bestdealuss.quorum.us/campaign/Suppo…
@NickTimiraos While immigration and tariffs may exert upward pressure on prices, the biggest risk to inflation is the Fed cutting into a meltup in asset prices and soaring business confidence
Powell is (again) trying to find the right gear for monetary policy amid signs the labor market is less wobbly and inflation is a touch firmer than they appeared in September.
He faces misgivings from some colleagues over continuing to cut and less conviction from others who strongly backed those first two moves.
Given current market expectations of a cut, the path of least resistance would be to cut by a quarter point, and then use new economic projections to strongly hint that the central bank is ready to go more slowly on the reductions.
Full story (no paywall in the link) has more details on the delicate steps officials took to arrive at this point: wsj.com/economy/centra…
@Jkylebass Scott Bessent has 35 years experience in GLOBAL markets as a participant. He is innovative in a calm thoughtful way that will be disruptive but not rattle markets. This experience makes him the better choice by far
Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury. Scott understands markets, economics, people, and geopolitics better than anyone I’ve ever interacted with. Markets have already anticipated a Bessent choice. Lutnick is not Trump’s answer.