Global Daily: Let Them Eat Flatscreens

Speaking to NBC’s ‘Meet the Press’ on Sunday, US Treasury Secretary Scott Bessent said that US stocks experiencing a correction is “healthy”. Naturally, this statement caused some alarm for many Wall Street types who had been counting on Bessent to be the second Trump administration’s ‘voice of reason’ on economic policy, tempering some of the President’s more hawkish instincts on trade and throwing fresh liquidity bones to financial markets whenever they showed signs of wobbling.