Lutnicks interview about the sovereign wealth fund where he held up the example of profiteering off the covid vaccine was a very poor example. In general I’d be in favour of a well executed sovereign wealth strategy with strategic equity positions to drive real growth in areas where the US has been out manoeuvred, ie critical metals and chip production. But with the balance sheet deep in the shitter, this just feels like crony capitalism via the money printer. Yuk.