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Scott Bessent doomed to repeat 'futile' gamble he got rich betting against: analyst

Treasury Secretary Scott Bessent is repeating the same doomed bond-market play he once got rich betting against, according to an economic analyst. Catherine Rampell, economics editor at The Bulwark, made the case on an episode of her podcast "Receipts" on Tuesday as she and journalist Sam Stein picked apart Bessent's recent interview with Axios, in which…

Sources (1)· Oct 7, 2:19 AM

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'I created a monster': Trump laughs at Scott Bessent's rage as aides flee his outburstsPresident Donald Trump has joked that he turned Treasury Secretary Scott Bessent into a "monster," and a new report details the temper behind the punchline. The Wall Street Journal reported Tuesday that Bessent's outbursts helped drive an unusual wave of departures from the top ranks of the Treasury Department . More than 30 current and former officials…