Compound248 💰
@compound248
"That thing that rich people do where they turn money into more money. Can you teach me how to do that, Jack?” - Tina Fey, 30 Rock Jack, “With my eyes closed.”
가입 June 2020
860 팔로잉 중 67.5K 팬
“Government responds to market signals too.
“Unless they get a signal from the bond market, they’re just going to keep spending.”
- Stan Druckenmiller to his friend @SecScottBessent on stage seven years ago
And here we are today, with Druck chastising Scott through the WSJ 👇
더 보기
Let the Bond Market Speak, by Stan Druckenmiller
Druck writes (with better stats) exactly what I’ve been sharing to my circle about Bessent’s dangerous Treasury repurchase game: Scott’s bluff can too easily be called by the market.
Ultimately, Bessent will not repurchase so much that it’s a “QE,” given the risk of runaway inflation. So Scott is jawboning.
The recent spike in rates is absolutely a vigilante cry, warning about the debt and deficit.
If the politicians won’t enforce discipline (and they won’t), the market will.
Rates are the pressure valve.
더 보기
