Bessent’s Mentor Stanley Druckenmiller Calls Bond Buying a Mistake

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Stanley Druckenmiller suggested that US Treasury Secretary Scott Bessent is making a mistake by trying to push down yields in the bond market. Bessent has recently pledged to increase the Treasury’s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Druckenmiller, who worked alongside Bessent and George Soros and remains one of the most influential voices on Wall Street, wrote in an opinion column “governments defending prices against fundamentals always lose,”

On today's episode:

• Erik Schatzker, Bloomberg News Economy Editorial Director
• Axel Merk, Merk Investments President and CIO
• Laura Ullrich, Indeed Hiring Lab Director of Economic Research
• Bob Mumgaard, Commonwealth Fusion Systems CEO

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