The Only Way Bessent's Plan Works Is If Tech Advances Become Non-Linear

By Eric Peters of One River Asset Management

“The US has the world’s premier military,the strongest economy and financial center with the dollar as the world’s reserve currency,and is the world’s leader in technology and innovation,” said Treasury Secretary Bessent,trade negotiations done for now,the rivalry ongoing. “President Trump is cementing and expanding these strengths,and the Chinese know this.”

Skeptics of every stripe took great issue with Bessent’s statement. And who knows, time may prove them to be broadly right, or utterly wrong - the pace of change in today’s world is accelerating at such a speed that almost any outcome is now possible.