Every market has a fellow who is certain the prices are wrong and that he alone knows the right ones. Usually the market charges him tuition for this belief. Occasionally, it hands him the Treasury.
Consider the record. In 2000, Scott Bessent left Soros to run $1 billion of his own. Five years later, the fund no longer existed. In 2015 he tried again with Key Square, co-founded with Soros alum Michael Germino and seeded with $2 billion of Soros money — which is a bit like failing your driving test and being handed a Ferrari. Assets peaked at $5.1 billion in 2017 and finished 2023 at $577 million. Institutional investors reportedly went from 180 to 20, a retention rate that would embarrass a gym in February. And in 2018, Soros — the man who staked him — took his chips off the table. When your own anchor investor would rather not watch, that is not typically a buy signal.
Which brings us to the question: is the man now confidently dictating where oil, the dollar, Treasury yields, and stocks ought to trade a macro mastermind the market tragically failed to appreciate? Or did the market spend two decades doing its due diligence on him — and sell? He believes he’s smarter than the market. The market already graded that exam. Twice.
EXCLUSIVE: TMZ has obtained footage of Kristi Noem and Corey Lewandowski biking and spending time together in Wayzata, Minnesota.
https://t.co/n2qU4NWNdw
Next, do the grifters Trump has pardoned after getting cash or favors. Then do Trump. Then do Trump‘s kids. Then do Lutnick. Then do Lutnick’s kids. Then do Witkoff. And after that, do Kushner.
@ShaleneGupta re your Fast Company article of this date re Section 504. Even a quick Google search yielded this document—which seems important. https://t.co/qqg2CbY1Fp
I think Europe can come up with ~3 brigades (x3) for rotation without canceling all existing regional defense plan requirements. This might require a total of 45-50k. But the force needs to have battalions near the front, not milling about in Western Ukraine doing training. 4/
7/10 'The world has been turned upside down for these people' Horowitz said. 'The ideology they grew up, its world of prom queens & jocks, its valourisation of manual labour & contempt for the intellect, is still hegemonic, but it's a route to poverty & frustration.'
Carole is a renowned, Pulitzer-nominated journalist for the Guardian, feature writer for the Observer, and Cambridge Analytica investigator. She has written extensively about tech, media, geopolitics, oligarchy and democracy writ-large in the UK and beyond.
Carole has been an indispensable voice in unearthing corruption and manipulation in our information system and in enriching our collective understanding of power today.
@laralogan That is impossible. Even if he went to prison on 1/7/21, which is not how the federal legal system works, we’re not even up to four years yet.
And if it is Kamala’s DoJ, then the 17-21 administration was the Pence administration. Like that?
Marine General John Kelly was Trump’s Chief of Staff.
Mike Pence was Trump’s VP.
Mark Esper was Trump’s Sec of Defense.
Bill Barr was Trump’s AG.
John Bolton was his NSA.
This isn’t the “liberal media” saying these things. It is Donald Trump’s own most senior appointees.
NYT tweeted this to its 55 million followers and it has under 500 retweets - presumably suppressed due to the link out. “John Kelly, Donald Trump’s longest-serving chief of staff, said Trump met the definition of a fascist and would try to govern like a dictator if elected”
“You can take what John says to the bank,” Amb. John Bolton says regarding the denials and new interviews from Gen. John Kelly. “If John says that Donald Trump said them, then I believe them implicitly.”
8. For this reason, liberal efforts to flatten the orders of power, so that the outgroup has as many rights and privileges as the ingroup, are seen by rightwingers as a perversion of the natural order of things.
Trump: "Your child goes to school and they take your child -- it was a he, and comes back a she. And they do this. And often without parental consent. Can you even believe we're saying this?"