Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

flamingdem

(40,363 posts)
Mon Apr 7, 2025, 01:16 AM Apr 7

Treasury Secretary Scott Bessent says Americans looking to retire aren't concerned about day-to-day markets

REALLY!!

Who knew that Dump, Peter Navaro, Scott Bessent and lunatic Lutnick
could cause this much suffering on TOP of all that Muskrat has done!

Even Eloon has turned against them! His portfolio is not doing to well..

According to Stephanie Ruhle on MSNBC Bessent wants out.

She used to work for Deutsche Bank and has insider contacts.

But along the way he's such a simpering ass. Does he think we're
that stupid? He's almost as bad as Lutnick.

https://www.cnbc.com/2025/04/06/treasury-secretary-scott-bessent-markets-tariffs-recession.html

15 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

flamingdem

(40,363 posts)
2. Bessent's stated goal is to lower the 10 year treasury
Mon Apr 7, 2025, 01:20 AM
Apr 7

so refinancing the debt is cheaper so they save x number of billions.

Along the way they have and will destroy 10 to 30 Trillion!

AZJonnie

(704 posts)
8. What an old fashioned idea, groceries?
Mon Apr 7, 2025, 03:46 AM
Apr 7

I've read that's when people go to place called a 'supermarket', who ever heard of those? Then they 'buy food' that is taken from this 'supermarket' back to their own home and they tell me this food is called 'groceries'! Then, I dunno, their kitchen staff prepares this food, and their footmen bring it to the table? Imagine that? Here I thought the only way meals were gotten was by eating at a restaurant, on my plane, or at my private clubs. Groceries? HUH! Who knew?

elocs

(24,061 posts)
15. Day to day groceries and a humble roof over my head is about all I have now. No hope though. n/t
Mon Apr 7, 2025, 09:48 AM
Apr 7

IzzaNuDay

(942 posts)
4. the hell they aren't!
Mon Apr 7, 2025, 02:16 AM
Apr 7

I was looking at my 401K and there’s significant value dips when the GOP was in charge. They recovered BUT this trend is not guaranteed…

Mountainguy

(1,715 posts)
5. The market isn't bulletproof, as much as some would like everyone to believe
Mon Apr 7, 2025, 02:35 AM
Apr 7

Having people in charge that are driving it to ruin either by design or incompetence, can lead to collapse.

GoodRaisin

(10,100 posts)
6. I about spit out my coffee when he said the stock market was healthy
Mon Apr 7, 2025, 02:44 AM
Apr 7

because there was a lot of volume.

wishstar

(5,687 posts)
7. and Lutnick said only fraudsters are concerned about their SS payments
Mon Apr 7, 2025, 03:40 AM
Apr 7

so everyone should just shut up and take their medicine according to these cold hearted lunatics

viva la

(4,055 posts)
10. He also assured us that savings accounts
Mon Apr 7, 2025, 07:27 AM
Apr 7

Weren't losing money. Because I guess he thinks people keep their retirement funds in a savings account?

elocs

(24,061 posts)
12. First they came for the retired seniors who only have SS, now it's the ones who felt safe
Mon Apr 7, 2025, 09:46 AM
Apr 7

because they had pensions and stock market investments to help them out.
Is shared pain half pain? The club is getting bigger all the time.

mcar

(44,461 posts)
13. As I watch my retirement savings circling the drain,
Mon Apr 7, 2025, 09:47 AM
Apr 7

I offer a hearty fck you! to this asswipe.

Maeve

(43,203 posts)
14. The hell we don't! Hubby and I formally retire this fall
Mon Apr 7, 2025, 09:48 AM
Apr 7

And we are watching very closely as our investments tank

Latest Discussions»General Discussion»Treasury Secretary Scott ...