Wall Street Legend Calls Out Scott Bessent

Stanley Druckenmiller just delivered a brutal public rebuke of his former protégé, Treasury Secretary Scott Bessent.

Wall Street Journal Defends Publishing Billionaire’s AI-Generated Op-Ed Criticizing Bessent  Forbes

The protege, the mentor, and a hedge-fund global macro strategy turned against its own pioneer as the bond vigilantes ride again.

Treasury Secretary Scott Bessent’s plan to expand the government’s purchases of long-term debt is drawing fire from some of Wall Street’s biggest names, including his former boss and mentor, Stanley Druckenmiller.  “The long-term Treasury yield is the most important price in the world. It is also the only fiscal discip

Bessent, according to Wall Street executives who deal with him regularly, is particularly worried that traders will continue to pile into a trade on long dated treasuries that will send prices lower.

Tessa West — Contributor at The Wall Street Journal  WSJ