Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
If You’re An Investor, Today Is So Much Bigly-ier Than Yesterday, You Don’t Even Know
Listen, I don't know if you noticed, but there is some "big league" shit goin' down on Friday.
On Thursday evening, the Senate passed a crucial budget, that definitely isn't just a completely made up process the sole purpose of which is to pave the way for tax reform. And the GOP definitely isn't lying when they say that tax reform isn't for rich people. Similarly, Donald Trump definitely isn't lying when he says the tax cuts are going to be the biggest in American history.
So because no one i
Bigly IS a word..God Bless America, the land of great aspirations and bigly piles of never ending BS. We won’t have “Tax Reform”…this is how, with special help from my crystal ball, this funniest will play out.
1. Tax “Reform” is always tough to pass..and Trump has ZERO Congressional heft. When this goes down it will solidify his notion that the only things he can count on is the power of the decree pen…he’ll start scheming…
2. Fed Chairpersons serve 4 years..that means the next party pooper or pumper will outlive Captain Eightball by at least 1 year….Fed Chairs are XTREMELY difficult to remove…the Fed Balance sheet unwind will take place and it’s going to put pressures on the yield curve and the bid for every kind of risky asset.
THOSE OUT FIRST WIN……
3.Trump will want the skids greased and the Fed Chair will waffle/hesitate/stall/ruminate Bigly.
4. At some point..and I am going on record that Jan 2018 will be THE month…things really unwind. Trump uses the power of the pen in ways never imagined and, in the attempt, to save his “spectacular, really great/hugeamazing” market legacy and economy starts the money flowing directly to people. Oh my…there will be a ruckus.
5. His Cabinet will start distancing themselves distinctly from him..and that’s VERY bad for Trump because they and Pence are the gatekeepers of the 25th Amendment…now..not before..are we set up for removal and a political battle..which Trump will lose because Pence will NOT support him.