U.S. Treasury Secretary Scott Bessent didn’t hold back on CNBC Friday, stating that markets face a "detox period" and that the U.S. is "addicted to government spending."
Hedgeye Macro analyst Ryan Ricci breaks down Bessent’s comments in the video below, highlighting key insights from The Call @ Hedgeye and The Macro Show—including the looming impact of $5.37 trillion in maturing U.S. debt.
"Bessent is signaling a downturn," Ricci explains. "The government’s spending fueled growth, but cutting that spending triggers a slowdown."
Watch the full analysis.
