Come come come, everyone move your small stools and enjoy some watermelon 🍉

Trump has nominated Scott Bessenet as the next U.S. Secretary of the Treasury. This guy is a billionaire himself, a Yale University graduate, who has been active in the Wall Street financial circle since the 1980s, and worked for Soros's fund for 20 years, deeply involved in every financial battle during Soros's peak, including the 1997 Asian financial crisis. He founded his own investment company in 2015, focusing on macroeconomic trend investments. He has a close personal relationship with Trump and is an economic advisor on the election team.

Interestingly, he is gay and came out a long time ago; his husband is a former New York City prosecutor, and they have two children. It's a bit amusing that although Trump publicly raises the banner against LGBT, one of the core members of his team is a well-known gay man. One can only say that Trump is quite pragmatic; he shouts slogans during the election but is flexible with appointments.

He advocates for tax cuts, the development of traditional energy, and supports a strong dollar, believing this helps maintain America's international leadership and the dollar's status as the world's reserve currency. He plans to reduce the fiscal deficit rate to 3% by 2028 while stimulating the U.S. GDP to reach 3%.

Regarding his views on China, this new Treasury Secretary recognizes the potential of the Chinese economy but also believes it is not market-oriented enough and has many characteristics of a planned economy. To prevent shocks from the Chinese economy, he supports a gradual increase in taxes as a defense. He has also mentioned that China's regulatory environment is unpredictable, and investments need to strictly control risks.

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