2026-08-21XThread

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Warsh: “Market prices will continue to respond in the direction and magnitude they see fit. This is, in my view, a change for the better, & we’re just getting started.” Bessent: “We believe that the yields don’t reflect the underlying fundamentals.” https://t.co/sSXxsJtehI Trump:

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Trump: We could have GDP of 10, 12, 15 times if they just leave us alone. Let interest rates go down. It’s a very unfair system. They should drop interest rates because it means we have a strong country and it's all based on credit, meaning good credit, and we have the best credit and we'd pay off the debt very easily, very quickly.
Acyn ↗

Secretary of the Treasury Scott Bessent said the free market is mispricing long-term bond yields. So he wants to use the superior judgment and power of central government planners to correct the mistakes of capitalism. Good thing we didn't elect a Democratic Socialist president.
PeterSchiff ↗