Trump, Vance and Bessent try to calm the bond market with ‘alternative facts’

Efforts by Trump, Vance, and Bessent to reassure the bond market with claims that defy conventional economic understanding have fallen flat, as Wall Street remains skeptical. Their use of "alternative facts" failed to convince investors who rely on data-driven analysis, leading to continued market volatility. This situation underscores the growing disconnect between political rhetoric and economic reality, raising questions about the credibility of officials in addressing financial markets' concerns. The episode highlights the need for policymakers to base their strategies on sound economic principles to restore investor confidence.