In any event, take all of that for whatever it’s worth, and if you don’t agree with it, don’t fret because invariably, this debate will rage on for months.
“This is an unusual course.”
I think people might be missing some of the nuance inherent in what’s happened to markets this month.
“YOU WILL RIDE ETERNAL, TACKY AND GOLD LEAF”…
“…a ruinous fiscal deficit in excess of 15% of GDP will be Trump’s legacy.”
Don’t say you weren’t warned.
He’s apparently going to just go ahead and abandon GOP dogma when it comes to balancing the budget.
“America’s economy is faltering not from too little infrastructure spending, but from too much debt—-$67 trillion of total public and private debt, to be exact. So it appears that the bond vigilantes are returning from 24 years of hibernation just in the nick of time to put the kibosh on the Trumpite/GOP’s latest hare-brained scheme to balloon the public debt.”
“The next great crisis will be caused by Central Bankers not realizing that all this monetary fuel they have pumped into the system has finally ignited, and like a bonfire that gets out of control, they have no way of extinguishing it.”
“That refers to Wall Street, Washington, the Dems and the GOP, and all the far and near corners of the planet which are implicated in their collective follies.”
Your refund will be escaping this death trap with your life…
Ok, I don’t know how much figurative “stock” you put in Mitch McConnell’s Monday promise that there is “zero chance” of Congress not raising the debt ceiling by late September, but it’s at least plausible to suggest that however vacuous, the Senate Majority Leader’s comment helped buoy risk assets (i.e. literal stocks) on Tuesday. Taken together with…
“A coyote walks floating in the air above the precipice, and it falls only after it looks down and becomes aware of how it has no support beneath its feet – as if it has momentarily forgotten the natural laws its body has to obey, and has to be reminded of them.”
“Too many commentators have fallen into the “everything is binary” trap and decided that if you assume each event will end badly, there’s material to turn out a good rant”
“This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors fall into two camps: The first group worries that the failure to “repeal and replace” the Affordable Care Act is a sign that other items on the policy agenda are less likely to be enacted than they had hoped. Others are encouraged about the shift in focus to tax reform as the new top priority for the administration.”