Billionaire Bill Ackman: U.S. Treasury Secretary is indifferent to the stock market and economic collapse because he is long on bonds "
According to online reports, Billionaire Bill Ackman, founder and CEO of Pershing Square Capital Management, posted on platform X,"I just figured out why U.S. Treasury Secretary Howard Lutnick is indifferent to the stock market and economic collapse. He and Cantor are long bonds. When our economy collapses, he benefits. Choosing a person as commerce secretary with a company that holds a large amount of fixed-income bonds is a bad idea. There is an irreconcilable conflict of interest."
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