2008 was the "Big Short" as Goldman Sachs & friends bet against the U.S. housing market. This bubble is the Big Long, also ironically compliments of Goldman Sachs...
Base case scenario: deja vu of last year, U.S. yields will fall coincident with the Fed meeting, creating carry trade unwind, risk selloff...OR, yields could continue to rise, causing rotation out of stocks into bonds...
Because the Dow / T-Bond ratio has never been higher:
Thanks to Goldman Sachs
"Goldman Sachs alone is responsible for more than 400 points out of the Dow’s total 1,400-point gain during the “Trump Bump.” Also on Friday, Trump himself offered a White House job to a top Goldman Sachs executive, Gary Cohn, following appointments of two other former Goldman employees to the new administration."
High yield stocks versus Treasury bonds
Active Asset Managers are ALL IN...
Serial corruption: "Thank you sir, may I have another"
Ironically, home prices are just now getting back to where they were a decade ago (not factoring in inflation), with one year Treasury...
"Printing money was their secret to effortless wealth. They wondered why no one had thought of it sooner"
U.S. stocks with Fed balance sheet and Fed rate:
The Idiocracy's "complicated" relationship with Wall Street:
