The attack of the big name of Wall Street Ackman to the secretary Lutnick on the duties: « Earn while the economy implodes ». What’s behind

On the convulsive day of April 7ththe third of storm on the financial markets, new curtains have consumed in Trump’s entourage, where the brush strokes of white lime scattered generously on the White House are now unable to hide the first cracks, Starting from that between the American president and Elon Muskwith the richest man in the world who yesterday, in a video published on X, did not skimp on the duties imposed. But to be critical of Trump’s decision are also The great managers of Wall Streetirritated for the harmful consequences of the new Balzelli on global bags. And so, even those who had supported – perhaps with little foresight – the tycoon during the election campaign, begins to distance themselves. Starting from the millionaire Bill Ackmannumber one of the Pershing Square speculative fund.

Accusation

The great Hedge Fund manager launched the hardest attack yesterday, targeting X The Secretary of Commerce Howard Lutnickalready CEO and president for 35 years of the financial giant Cantor Fitzgerald: «I just understood – he had tweeted Ackman – because @howardlutnick is indifferent to the share market and the collapse of the economy. He and Cantor are long on the bonds. He earns when our economy implodes. It is a bad idea to choose a secretary to trade whose company has massive investments in fixed income. It is an irreconcilable conflict of interest ».

Because Lutnick would be earning

In other words, Lutnick would be profit from the expected collapse of the US economy. As? Thanks to its investments in long -term bonds. In fact, in periods of economic slowdown, such as the one in which the United States is fearing, the actions have always collapsed and The yields of the bonds have risen Because governments have increased loans and investors have considered the safest bonds of the actions.

The earnings of those who hold American government bonds

The accusation of Ackman is not peregrine. In fact, in the last week The yields on the ten -year American Treasury fell from 4.355% to 3.95%which has earned all those who hold American government bonds and Cantor Fitzgerald, the financial service company led by Lutnick for decades, is one of 24 Primary Dealers of the US Treasury, or the companies that have the right to purchase the bonds directly from the treasure and then put them on the investor market.

America towards a « economic nuclear winter »?

But not yet satisfied, about an hour later from the first post, always via X, Ackman has expanded the charge from Lutnick to Trump himself and his tariff policy which, according to him, is bringing America to a « Economic nuclear winter»Self -inflicted. « The formula used by the Administration to calculate the rates made those of other nations appear four times bigger than they actually are, » Ackman tweeted, «The president @realdonaldrump is not an economist And therefore he relies on his councilors to make these calculations so that he can determine politics. The global economy is going to roll due to a wrong mathematics».