Bessent's competence

Investment Analysis Clubs Macro Economic Trends and Risks
1

The market thought it said something positive about negotiations. The market goes up.

The market thought he said something negative about the negotiations progress, or that there are basically no negotiations. The market goes down.

He is playing yoyo with the market. The pressure to act rises as shortage and inflation rise, and recession looms.

The guy is competent in financial and economics theory. But in the reality he is facing, he does not understand that the opposition has already decided and made its move, and that the ball is in his court now. He cannot handle this.

2 Likes
2

The admin are a bunch of whingers. Or will be. Someone else needs to be blamed for incompetence.

The polls are saying the most disliked in history at this point.

Bessent changed nothing. The market was oversold. Now the market can resume the steep sell off.

3

It sounds like he is more competent in market manipulation than anything else. That and keeping his master happy.

3 Likes
4

I think they started a fight that they can’t win. Not well thought out and impossible in the time they want it to be accomplished.

6 Likes
5

We are putting the globe into a great depression.

But we will need to raise corporate taxes to incentivize our own retooling. We could simply do that only.