Bessent Says US to Stick with Bretton Woods Institutions
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Apr 25, 2025
Market reactions to US-China tariff negotiations are heating up, with insights on retailer responses shaping the narrative. Discussion ensues about the calls for reform in Bretton Woods institutions amid tensions between billionaires over political endorsements and budget cuts. Bitcoin is emerging as a stable player in institutional finance, attracting attention from big investors. Humor strikes with Trump's meme coin gala announcement, as speculative crypto behavior continues to rise. It's a wild ride through finance and crypto culture!
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insights INSIGHT
Bretton Woods' Mission Focus
The US Treasury calls for Bretton Woods institutions to focus on their core missions, cutting off 'mission creep.'
Secretary Scott Besson commits to continued US leadership but demands accountability and progress from IMF and World Bank.
question_answer ANECDOTE
Musk and Besson Clash
Elon Musk and Scott Besson had a loud altercation over IRS leadership and budget cuts for Doge.
Musk accused Besson of being a 'Soros agent' after Besson criticized Musk's Doge work performance.
insights INSIGHT
Bitcoin’s Lower Volatility Surprise
Bitcoin’s 10-day volatility is now lower than the NASDAQ or S&P 500, surprising many analysts.
Reduced exposure to derivatives and program trading may explain Bitcoin's newfound stability.
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In this conclusion to the Age of Madness trilogy, Joe Abercrombie depicts a world in the midst of the Great Change, where the Breakers and Burners have seized power, and the old order is being torn down. The story follows characters like Citizen Brock, Citizeness Savine, King Orso, and Rikke as they navigate the chaos, destruction, and political upheaval. The book explores themes of governance, survival, and the complexities of human behavior during times of revolution and societal collapse. Known for his vivid characterizations, dark humor, and intense action sequences, Abercrombie delivers a morally complex and gripping conclusion to the trilogy.
NLW discusses market reactions to US tariff negotiations, potential tariff reductions with China, and Bretton Woods institutions facing criticism from the Trump administration for mission creep. He explores Bitcoin's reduced volatility, increased institutional adoption—including the controversial SoftBank-Tether Bitcoin venture—and ends on Trump's meme coin gala announcement driving speculative crypto behavior.
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