Scott Bessent, June 2024 — before he became Treasury Secretary.
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Scott Bessent, June 2024 — before he became Treasury Secretary.
He said the world is at a unique geopolitical moment, and in the next few years we may need a grand global economic reordering.
His comparison: a new Bretton Woods. He also pointed to resets like Versailles and the old steel/trade pacts.
Translation: not a normal market cycle. A rewrite of the rules for money, trade, and power — and he said there’s a good chance it happens in the next four years.