Livestream & Analysis of Bessent Speech
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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Welcome to nonconsensus investing. I'm Ram Oluwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through
this podcast, we draw back the curtain
to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary. Institution
Institute of International Finance. I I I that's what it says.
Hey, guys. How's everyone doing? It's Wednesday, 10AM. Secretary Bessen will be speaking today. We're gonna livestream that and give you some instant analysis around that. Right now, they're doing the introduction just to frame it up for you. So we've had a significant rally, gap up open after Trump shared some remarks after the SEC chair Paul Atkins was officially kinda inaugurating his role, saying that they would lower tariffs in China. We saw some follow-up news around that this morning, and he would not terminate chair Powell. I think the view on Twitter is that Trump folded. I don't see
after. Secretary Bessent, the state is yours. Here
we go. At the audio? Yeah. You're actually Good.
Thank you. Excuse me. Good. And thank you for that kind introduction. It's an honor to be here. In the final months of World War two, western leaders convene the greatest economic minds of their generation. Their task to build a new financial system. At a quiet resort high up in the mountains of New Hampshire, they laid the foundation for Pax Americana. The architects of Bretton Woods recognized that a global economy required global coordination. To encourage that coordination, they created the IMF and the World Bank. These twin institutions were born after a period of intense geopolitical and
wins. On
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