If Donald Trump loses Scott Bessent, or if he tries to fire Jerome Powell, the reaction of financial markets will be immediately & (even more than already) dramatically negative.
I say this as no big fan of Bessent, but he is by far the only person approaching grown-up status in the Trump Cabinet.
I say this as no big fan of Bessent, but he is by far the only person approaching grown-up status in the Trump Cabinet.
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I had some faint hopes for little Marco, too, but they were dashed long ago.
He now falls into the "compromised and disgraced" category.
Unless he resigns, he will eventually end up as everyone who aligns themselves with Trump ends up: compromised, disgraced, and/or stabbed in the back.
Nowhere to go, nowhere to hide?