Politics
Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Key Points
Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent in his early career as a hedge fund trader, called the Treasury secretary’s plan to spend billions buying back US bonds a mistake. “Governments defending prices against fundamentals always lose,” Druckenmiller wrote in an opinion column in The Wall Street Journal.
Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent in his early career as a hedge fund trader, called the Treasury secretary’s plan to spend billions buying back US bonds a mistake.
“Governments defending prices against fundamentals always lose,” Druckenmiller wrote in an opinion column in The Wall Street Journal.