“The younger of the anchors (age 32) thought theÂ $1.8 trillionÂ was not a problem because the soaring debt and the Fed’s balance sheet shrinkage plan have been well telegraphed and will shock no one. Yes, and as we were tempted to reply, parking on a rail crossing and knowing that a freight train is barreling down the tracks is not likely to forestallÂ the carnage.”
“The Donald seems to think that theÂ 37%Â gain in the stock market between election day and theÂ January 26th high wasÂ all about him, and in one sense that’s true. DonaldÂ Trump is all about delusional and so are the casino punters.”
All eyes will turn to brand new Fed Chair (and guy who is regretting it already) Jerome Powell on Tuesday as he heads to Capitol Hill to regale lawmakers with some shit they won’t understand.