10Y albert edwards economy fed fiscal stimulus Trump

Albert Edwards: ‘Trump’’s Grotesquely Ill-Timed Stimulus Will Be Trigger For Market Implosion, Recession’

"...a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy."

Boy, I'll tell you what folks: the verdict is in on Trump's exceptionally ill-advised decision to pile fiscal stimulus atop an overheating economy amid a deficit-funded tax cut. And the verdict is "guilty" - of being stupid. Of course being "smart" isn't something anyone but Trump has ever accused Trump of being, so this comes as no surprise. We've written voluminously about what's going on here and how it fits in with the necessity of keeping his nebulous promise to his base. Consider, for instance, these excerpts from a piece we penned for Dealbreaker on Tuesday: The problem here is glaringly obvious. Steady-as-she-goes growth is not only not acceptable under MAGA, it’s explicitly forbidden. There is nothing “great again” about growth that’s less spectacular than it’s been in the past. Growth that’s lower than yesteryear is the exact opposite of “great again” if you equate “great” with growth. So come hell or high deficits, Trump is going to restore that bygone era of American “greatness” and in his Simple Jack world, that’s as “easy” as tax cuts and fiscal stimulus. And you know, if we weren’t where we are in terms of the cycle and we
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3 comments on “Albert Edwards: ‘Trump’’s Grotesquely Ill-Timed Stimulus Will Be Trigger For Market Implosion, Recession’

  1. […] Albert Edwards wrote in his Valentine’s Day missive, “this is probably the singularly most irresponsible macro-stimulus seen in US history; to say it […]

  2. Curt Tyner says:

    Well that was enlightening and not unexpected to most people paying attention forget about MSM financial guys who are shills for the Street boys. Bonds will call the final act and the race to the exits will be damn near impossible for most. The general public has no clue of the anvil headed their way, run sh*t sprint away from this teed up disaster.

    “this is probably the singularly most irresponsible macro-stimulus seen in US history; to say it is ill-timed and ill-judged would be a massive understatement,” Classic Albert, just classic.

  3. Anonymous says:

    “Long story short, this has the potential to short-circuit the “Goldilocks” environment …”

    “‘Goldilocks’ Is A Figment Of Your Imagination” – David Stockman

    … which is it??

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