Trump and the Fed have collaborated to combine record stock prices with decade high probability of recession...
But who will be right - the bond market or every dumbfuck you ever met?
And for the record, I'm not saying that Trump is the AntiChrist, I'm just saying that everything he does is Anti-Christian...
As the tax bill heads for final passage next week, the casino is pumping and dumping with each headline. The net effect of the House/Senate "reconciliation" process this week was to lower the top tax rate paid by the wealthiest Americans. That was their net accomplishment. One asks how fucked up is "democracy" when RepubliCons are willing to risk political suicide for yet another tax cut?
How this happens is a result of multinational corporations hijacking the U.S. political system. Wherein companies are allowed to put their factories in one country, their untaxed profits in another country, and their political contributions in the country running human history's largest trade deficit. All under the dumbfuck assumption that "deficits don't matter". In the event, democracy gets destroyed. Meanwhile, the role of the Military Industrial Complex is to circle the globe playing super cop for multinationals. Ensuring that all of the vassal states remain in line. Better yet, is when they don't stay in line, then they can be intimidated, isolated, sanctioned, and marginalized until they lash out at the empire. Thus unleashing Keynesian bombing of foreigners. The last best way to reflate the carved out U.S. economy. A patented formula.
Nation building, by Lockheed Martin
Nevertheless, if anyone wanted to design a more spectacular outcome to this pathetic saga, they would be out of luck finding one. Raising interest rates in anticipation of "fiscal stimulus" which impacts .01% of the population, is the dumbest idea yet widely bought with both hands.
It has assured the simultaneous outcome of record stock prices and the highest probability of recession.
Meaning that riot risk is extreme, while bailout probability is the limit approaching zero.
"fears of a curve inversion, or when long-dated yields are lower than short-term yields, is what has drawn eyeballs of late, as the phenomenon is seen as an eerily accurate predictor of a future recession. That’s because the curve tends to invert in response to a combination of slowing growth expectations (hitting the long end) and tighter monetary policy (hitting the short end), both factors capable of derailing an economy at the tail end of its expansion"
"fears of a curve inversion, or when long-dated yields are lower than short-term yields, is what has drawn eyeballs of late, as the phenomenon is seen as an eerily accurate predictor of a future recession. That’s because the curve tends to invert in response to a combination of slowing growth expectations (hitting the long end) and tighter monetary policy (hitting the short end), both factors capable of derailing an economy at the tail end of its expansion"
Gamble accordingly
