Paul Tudor Jones Pretty Sure Donald Trump’s Tax Cuts Accidentally Popped Big ‘Scary’ Debt Bubble
Well, Paul Tudor Jones apparently gets it.
Sometimes it's hard to know how to cover these types of stories, because to anybody who spends their days steeped in the debate, the conclusions are self-evident and have been for quite a while.
That's why it's somewhat frustrating when the financial news media jumps all over soundbites from, for instance, Jeff Gundlach, who earlier this year branded the current noxious mix of monetary and fiscal policy in the U.S. a "suicide mission." That is, it's n
Many stocks are already in a bear market. And many stocks that have prevented the indices from bear market territory are breaking down. The question is how far we fall not whether we will see a bear market. How far do future cash flows fall, how much rolling over debt will cost, what the layoff response (hollowing white collar mgmt) will be. And what can stop it with still historically low rates offset by difficult corp bal sheets, a fiscal picture that is horrific and a Fed bal sheet that is still extraordinarily large. If it hits the fan it is going to be a mess (sorry for the crudeness).
your credit market research is the best on the web… keep it up