Our friend, Lawrence Leopard, framed Friday’s Trumpian insanity about as well as possible:
Scott Bessent in the Oval Office:
SB: sir, we are losing the bond market, the Japanese 40 year is going parabolic and the US 10yr is creeping higher…
Trump: you’re the expert what do you recommend?
SB: sir, we need another tariff scare to hit the stock market and driv…
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