The Fed's Silent Endorsement of Trump’s Economic Policies
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The Fed's Silent Endorsement of Trump’s Economic Policies
The economy enters a period in which economic dysfunction becomes unbearable to one social faction, even while another continues to benefit.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
🧵 Markets Are About to Explode — And Almost Everyone Is Positioned Wrong
The #MacroInvestingTool data is clear.
The dollar just triggered a macro slingshot that historically launches stocks and crypto into the stratosphere.
{thread} 👇 https://t.co/qhPfideY9G
Let us give you one scenario that worries us. Congress shows no discipline and lets the budget run through a few more trillion in the next two years. The Fed has been successful in reflating the economy after it has embarked on even more aggressive quantitative easing. The bond markets get very nervous, and longer-term rates start to rise. What lit
... See moreJonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
今天市场估计很热闹，很少看到美联储这么大阵仗出来：美联储主席加上五位理事还会财政部长耶伦一共七位，一个篮球队还多了，正好进攻和防守的阵营都能排开，还有两个替补。也能看出来联储和财政部对于首次降息之后跟市场沟通的重视
特别是当下又是降息之后市场在重新寻锚的过程，然后又开始期待后续降息节奏。安抚市场担忧的心态，给一定的期望但也不会过份拔高预期可能是主要表态了，就看这里有没有谁出来泼冷水了。
The sum total of the contribution of both these schools of thought is the consensus taught in undergraduate macroeconomics courses across the world: that the central bank should be in the business of expanding the money supply at a controlled pace, to encourage people to spend more and thus keep the unemployment level sufficiently low. Should a cen
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