stan druckenmiller is wrong

Send us Fan Mail everyone thinks washington is the crime scene. thirty-year treasuries are above five percent, the vigilantes have apparently ridden back into town, and america is finally being punished for its fiscal sins. maybe. but i think everyone is staring at the debtor because that’s easier than asking what happens to the creditors when the debtor stops playing along. i get into bessent and the treasury buybacks in this episode. a few billion dollars of long-bond repurchases dressed up...