{"id":133015,"date":"2024-11-27T08:18:00","date_gmt":"2024-11-27T13:18:00","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=133015"},"modified":"2024-11-27T17:57:58","modified_gmt":"2024-11-27T22:57:58","slug":"wsj-scott-bessent-sees-a-coming-global-economic-reordering-he-wants-to-be-part-of-it","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=133015","title":{"rendered":"(WSJ) Scott Bessent Sees a Coming \u2018Global Economic Reordering.\u2019 He Wants to Be Part of It."},"content":{"rendered":"\n<p>Scott Bessent&nbsp;spent the past 40 years studying economic history. Now, as&nbsp;<a href=\"https:\/\/www.wsj.com\/topics\/person\/donald-trump\">Donald Trump<\/a>\u2019s choice&nbsp;<a href=\"https:\/\/www.wsj.com\/politics\/how-scott-bessent-won-the-knife-fight-to-be-trumps-treasury-secretary-a0e5ce33?mod=article_inline\" rel=\"noreferrer noopener\" target=\"_blank\">to lead the Treasury Department<\/a>, he has the chance to make his mark on it.<\/p>\n\n\n\n<p>As a hedge-fund manager, first at George Soros\u2019s firm and later at his own, Bessent specialized in macroinvesting, or analyzing geopolitical situations and economic data to wager on big-picture market moves. He generated billions of dollars in profits betting on and against currencies, interest rates, stocks and other asset classes around the world.<\/p>\n\n\n\n<p>He was motivated to step out from behind his desk and get involved with Trump\u2019s campaign in part because of a view that time is running out for the U.S. economy to grow its way out of excessive budget deficits and indebtedness.<\/p>\n\n\n\n<p><p><a href=\"https:\/\/www.wsj.com\/politics\/policy\/scott-bessent-sees-a-coming-global-economic-reordering-he-wants-to-be-part-of-it-533d6e71\">Read it all<\/a>.<\/p><\/p><blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Scott Bessent Sees a Coming \u2018Global Economic Reordering.\u2019 He Wants to Be Part of It. \u2066<a href=\"https:\/\/twitter.com\/WSJ?ref_src=twsrc%5Etfw\">@WSJ<\/a>\u2069 <a href=\"https:\/\/t.co\/qkvP5PVnVG\">https:\/\/t.co\/qkvP5PVnVG<\/a><\/p>&mdash; Jennifer Ablan (@jennablan) <a href=\"https:\/\/twitter.com\/jennablan\/status\/1861076155559805117?ref_src=twsrc%5Etfw\">November 25, 2024<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n","protected":false},"excerpt":{"rendered":"<p>Scott Bessent&nbsp;spent the past 40 years studying economic history. Now, as&nbsp;Donald Trump\u2019s choice&nbsp;to lead the Treasury Department, he has the chance to make his mark on it. As a hedge-fund manager, first at George Soros\u2019s firm and later at his<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=133015\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,665],"tags":[],"class_list":["post-133015","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-president-donald-trump"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/133015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133015"}],"version-history":[{"count":4,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/133015\/revisions"}],"predecessor-version":[{"id":133019,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/133015\/revisions\/133019"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}