The year is going to be marked by the constant tug and war between hope of fiscal stimulus and the reality of monetary policy"
Yesterday, the Fed admitted that reflation is a hoax so they're going to keep raising rates until the 'Conomy floats back from China. Also yesterday, plundering healthcare to fund tax cuts officially failed. So today, Circus Clownius will discuss imaginary tax cuts while gamblers go ALL IN on fake reflation...
Seven months ago:
"We will cut taxes massively for everyone"
In the meantime...
Any questions?
"It is possible, Yellen said, that the Fed may have “misspecified” its models for inflation, and “misjudged” key facts like the underlying strength of the labor market"
"Free Trade"
"we expect consumers to remain a primary driver of U.S. economic growth in 2018"
Don't try this at home
"See, hope wins again!!!"
