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Stanley Druckenmiller suggested that US Treasury Secretary Scott Bessent is making a mistake by trying to push down yields in the bond market. Bessent has recently pledged to increase the Treasury’s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world’s most important debt market. Druckenmiller, who worked alongside Bessent and George Soros and remains one of the most influential voices on Wall Street, wrote in an opinion column “governments defending prices against fundamentals always lose,”

On today's episode:
Erik Schatzker, Bloomberg News Economy Editorial Director
Axel Merk, Merk Investments President and CIO
Laura Ullrich, Indeed Hiring Lab Director of Economic Research
Bob Mumgaard, Commonwealth Fusion Systems CEO

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>
Stanley Druckenmiller suggested that US Treasury Secretary Scott Bessent is making a mistake by trying to push down yields in the bond market. Bessent has recently pledged to increase the Treasury&rsquo;s purchases of long-dated bonds, a move widely seen as an attempt to push down yields in the world&rsquo;s most important debt market. Druckenmiller, who worked alongside Bessent and George Soros and remains one of the most influential voices on Wall Street, wrote in an opinion column &ldquo;governments defending prices against fundamentals always lose,&rdquo;
On today's episode:
<ul>
<li>Erik Schatzker, Bloomberg News Economy Editorial Director</li>
<li>Axel Merk, Merk Investments President and CIO</li>
<li>Laura Ullrich, Indeed Hiring Lab Director of Economic Research</li>
<li>Bob Mumgaard, Commonwealth Fusion Systems CEO</li>
</ul>

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Bessent’s Mentor Stanley Druckenmiller Calls Bond Buying a Mistake

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ad38411-af61-41f6-883a-b4b10161cce5/transcript