@thewallstreetskinny: Cue Captain Phillips: "I'm the captain now..." This was an incredible event hosted by The Charlotte Economics Club, and an unbelievable opportunity to hear directly from U.S. Treasury Secretary Scott Bessent. I grew up on Wall Street learning about his impact on the global bond and currency markets, and could never in my wildest dreams have imagined I'd get the chance to ask how his experience as a macro risk taker, thought leader, and investor has shaped his approach to running Treasury. Special thanks to The Charlotte Economics Club for putting this together immediately following the G20 in Asheville. Now if we could only get Mr. Bessent on @thewallstreetskinny show...!!

-tespo128 :

Great analogy

BasedBeans :

He’s so brilliant.

Nicholas Perry318 :

😂 Me in high school after being asked to explain a book I didn’t read.

Mango :

This is the same guy that told us that tariffs are a tax on the exporting country.

gawker2026 :

Incoming Scott Bessent word salads 😳

BlueTyger :

that's one hell of a word salad

NY2CAcoastlife :

He wrecked a fund. Not easy to do.

Donk73 :

the most brilliant Treasury Secretary ever

Middle Man :

bond market is toast. thanks Scott 🤦‍♂️

OneGoodStream :

You are putting our mortgage payment on the credit card. What could go wrong?

Thomson :

President Trump got it right with this cabinet appointment!

PositivEnergy :

This is a great post, great question

chazguru :

He basically just supporting and capping borrowing cost on the long end. No word salad just a plan.

Tony D :

did he mean Psychology or gambling?

robertcrane405 :

Follow him he does get it interaction he’s a pleasure to listen to

🇺🇸TupeloTimes🌮 :

Great question. He sure didn't skimp on his answer.

ggman0928 :

The hand gestures

I Luv Spam :

gregjohns45 :

Jennifer Henning885 :

Emptying everything

truthforgood :

Oh boy we are screwed if the world keeps cashing out our debt and pulling out their gold. This guy will tank the dollar to go to a stablecoin like Tether if given the chance by Congress. The CLARITY Act passed the House and is in the Senate now.

✨merelyashley✨ :

Why do I keep sensing he’s blackmailing people? Maybe it’s just me

Grasshopper :

Does he really think the smartest investors in the world aren’t seeing right thru his bs?!?

Brat :

WTF. Rumsfeld is back up from the grave

MeriArch :

Ong not one person in this comment section understands what he just said because they refuse to use their listening comprehension skills. He’s buying back bonds because we have “adversarial market participants” who are holding too many of our bonds at a time when things around the globe are so unstable. He can’t force anyone to stop buying and he can’t change their current worth but it’s perfectly legal for him to restrict the amount that’s out there as long as we are buying back for the market price. We don’t need one country or its citizens holding 20 or 30% of our bonds