Scott Bessent Appointment Makes This 11% Yield A ‘Screaming Buy' [Forbes]
Prospect Capital Corporation - Closed End Fund (PSEC)
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Source: Forbes
East Images / Middle East Images via AFP) (Photo by DOMINIC GWINN/Middle East Images/AFP via Getty Images) Middle East Images/AFP via Getty Images Hedge fund veteran and Wall Street-approved suit Scott Bessent is likely the new Treasury secretary. That's why this 11% dividend is a big winner Bessent will advocate for financial deregulation and increased lending. Easier and faster money. Which will be a boon for private equity and business development companies (BDCs). Prior to Bessent's appointment, the folks in Silicon Valley were already salivating over increased M&A: Big companies tossing money at startups and private firms raising piles of dough to get in on the action itself. That's the rocket fuel that mints multi-millionaires and even billionaires. This extra cash sloshing around will make inflation sticky. It already is. Bessent's buddies on Wall Street will not receive as many rate cuts as they had hoped for as recently as September. The bond market has already pr
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