Today's confirmation hearing of Trump's nominee for Secretary Treasury, Scott Bessent, was a kangaroo court filled almost entirely with noise, in the form of meandering, long-winded filibusters by grandstanding senators, and virtually no signal, with the occasional non-canned response by the former Soros CIO barely heard in the
So to get a sense of what the second most important person for the US economy (first being whoever replaced Jerome Powell as the next Fed chair, most likely Kevin Warsh) thinks, we went back to his most recently available semi-public thoughts and idea, published almost a year ago, in the form of the January 2024 letter to investors of his KeySquare hedge fund.
Here are the highlights from the letter shedding much needed light into how Bessent views the financial world, and his role in it:
