Wednesday, December 14, 2016

Every Time Two Fools Collide

Yellen just popped the Trump bubble...

Econ 101 posits that increases in government deficit spending "crowd out" private investment and raise borrowing costs. For example, via three rate hikes in 2017 versus the market-expected two...


Look at the trajectory of short-term rates prior to the election...the Fed is already pissing on Trump's reflationary rally:

Score another successful FedPlosion of Emerging Markets:

China's second imagined reality is ending...

The Russell / Dow ratio got hammered today: