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Druckenmiller Criticizes Bessent's Bond Market Meddling
Stanley Druckenmiller, a former mentor, publicly criticized Scott Bessent for his bond market interventions, stating that such actions would lead to losses, while Bessent defended his buyback plan.
25 Aug, 02:33 — 25 Aug, 09:17
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Moderate (37/100)3 sources25/33
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bloombergHigh9h ago
Druckenmiller, Bessent’s Early Mentor, Calls Bond Buys a Mistake
Stanley Druckenmiller, the billionaire investor who mentored Scott Bessent in his early career as a hedge fund trader, called the Treasury secretary’s plan to spend billions buying back US bonds a mistake.
By Matthew Thomas
Read full article →marketwatchMostly Factual3h ago
He once mentored Scott Bessent. Now Stanley Druckenmiller is criticizing the treasury secretary.
Treasury Secretary Scott Bessent’s recent maneuvers in the bond market have come in for some searing criticism from illustrious investor Stanley Druckenmiller — his long-time ally and mentor.
By Jules Rimmer
Read full article →Coverage Timeline
First report: bloomberg · 25 Aug, 02:33|Full coverage: 3 · 8h|Window: 8h
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