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Fool’s Gold
Over the weekend, Scott Bessent said a ridiculous thing.
He said a lot of ridiculous things, actual
I have to disagree on the not fooling anyone front.
I think he’s fooling the only person he is doing any of this for at this point, Trump.
Trump and Bessent have limited time to run up the stock market before the next round of forced errors will force it down again. Inflation data will show up in the numbers soon, and the tariff package’s pause is a ticking time bomb. They need to get the market as high as possible on hot air before it sinks into bear territory again.
And THIS was supposed to be the “adult in the room.”
For all those who voted for President Pump to sugar-high the markets, fuck you very much. Hope you are getting what you wanted or what deserve.
I’m sorry, but this article contains an inaccuracy which I simply cannot allow to slide.
There are also seals living on that island.
Thank you for your attention to this matter.
“We know who the criminals are.” …… https://heisenbergreport.com/wp-content/uploads/2025/04/Criminal.png
First they came for the seals, and I did not speak out because I was not a seal.
By the time the hundreds of local talk radio shows cover this interview you won’t recognize it. Have you ever traveled by car across the country and dialed into local talk radio? Talk about fiction feeling more real than reality! I have always wondered why the attack on the media never includes talk radio, where conservatives dominate….never mind, I know LOL. I think you would be amazed at the number of people who get most their information from talk radio!
Yes
Putting Soros and Bessent together as if there is some kind of parallel is a total mistake. Both were my clients once paying my companies more than we all pay H. Soros paid, was very smart in a macro sense, didn’t favor my style, and quit after a year. Bessent worked with a various hedge-types and nevever stuck. Around 2012 (?) he signed up for my research and he was incommunicado most of the time. He bounced on and off the NY desk. I had numbers for him in the Hamptons. He was an erratic reader, his trading made no sense and the person I talked to had no idea what Scott was doing. Bessent is still a bad debt on my books. I don’t know the man. He is pretty and he seems to be a con-man. George takes no shit and I am surprised he hired Scott again, but George is now truly old. I can’t imagine he would be polite about Bessent.
God help the U.S.
Bessent launched his macro fund in 2015 with an impressive initial AUM – $4.5BN I think? In 6/2024 it had $300MM AUM and fewer than ten clients per reports I found – recognizing HF disclosure is spotty. Returns were inconsistent and poor. If reports correct, over 90% of AUM left. That’s the caliber of HF manager Trump chose for Treasury. Better than his other hires, better than the runner-up, but not great. Did it occur to Trump that running a tiny HF isn’t great experience for running the US Treasury? Of course not, but did it not occur to all the Street that bet on Bessent?