Friday, March 24, 2017

Kamikaze Politics aka. Dropped Baton Death March

I like Trump, I think he's doing great...

Trump threw House Speaker Paul Ryan under the bus, because Trump REALLY doesn't want this bill to pass. He doesn't want to get stuck in a deadlock between the House and Senate which could go on indefinitely:

Therefore, to placate Wall Street, the White House signaled this morning that they've already moved on to inter-generational theft aka. "tax reform":

There's only one problem, which is that the tax cut for the ultra wealthy was supposed to be "paid for" by robbing 24 million working people and their children, of their healthcare. So without that pound of flesh, it's hard to see how the godless "Freedom Caucus" will agree to the "plan".

Nevertheless, there's an even bigger problem. Because markets rallied in November based on an IMMINENT tax cut, not a tax cut coming a year later. Hence, the Monetary-Fiscal baton pass will be dropped for an entire year, while Yellen is imploding the economy.

Which can be summarized thusly:

Gamblers are stuck between the Scylla and Charybdis of GREED and FULL RETARD:

Commercial and Industrial loans, % change from year ago:

Stock / bond rebalance:

Nowhere to hide:

Compliments of today's short-covering rally, we now have a Nasdaq count...