Loading ...Pelosi’s “Impeachment Soup”
https://www.zerohedge.com/news/2019-12-21/impeachment-soup
The situation must be dire if even ole “muddle through” pitchman/sunscription peddler John Mauldin is gloomy
As long as this continues—as it almost certainly will, for a long time—the Fed will find it near-impossible to return to normal policy. The balance sheet will keep ballooning as they throw manufactured money at the problem, because it is all they know how to do and/or it’s all Congress will let them do.
Nor will there be any refuge overseas. The NIRP countries will remain stuck in their own traps, unable to raise rates and unable to collect enough tax revenue to cover the promises made to their citizens. It won’t be pretty, anywhere on the globe.
Luke Gromen of Forest for the Trees is one of my favorite macro thinkers. Like Louis Gave, he thinks the monetization plan will get more obvious in early 2020.
Those that believe that the Fed will begin undoing what it has done since September after the year-end “turn” are either going to be proven right or they are going to be proven wrong in Q1 2020. We strongly believe they will be proven wrong. If/when they are, the FFTT view that the Fed is “committed” to financing US deficits with its balance sheet may go from a fringe view to the mainstream.
Both parties in Congress are committed to more spending. No matter who is in the White House, they will encourage the Federal Reserve to engage in more quantitative easing so the deficit spending can continue and even grow.
Ipso – HA!
Commies or not, I’m so beat up I don’t care who pushes our pm’s higher!!! 🙂
Buygold
“too much to ask?”
Not at all. That would be delightful!
PS I would also ask from Santa a red stocking cap … but not a commie one. 🙂
Ipso
What I want from Santa is the shares to go up like they did from 2001 – 06′ and gold from 2000 – 11′ and I want it all to happen in the first six months of 2020.
Is that too much to ask? 🙂
