11-27-2016, 02:19 AM
(11-26-2016, 09:38 AM)David Horn Wrote:(11-20-2016, 10:57 PM)Dan Wrote: https://app.hedgeye.com/insights/55423-p...for-market
Quote:Recent moves in the market have been as surprising and disorienting as the election of Trump itself. For what it’s worth, here is my take.
Miraculously, a Trump victory has accomplished what central banks around the world have been laboring to accomplish for the last two or three years--persuade the world to believe that inflation is on the up and up. This persuasion in turn gives monetary policy traction again—by making nominal interest rates more deeply negative in “real” terms. In lockstep, fixed-rate sovereign debt (along with equity look-alikes) has tanked. Has the so-called fiscal cure arrived? Paul Krugman is sputtering with indignation that this uncouth right-wing charlatan has stolen all of this progressive thunder...
https://app.hedgeye.com/insights/55423-p...for-market
Until the Congressional side and the Presidential side agree to massive spending, I'm not holding my breath. In short, the market could go south fast if the Ryan House decides to move in a totally different direction, as he has said he will.
It might all depend upon Democrats getting control of the Presidency and both Houses of Congress to get the job-creating infrastructure projects that get America out of a a very nasty recession. But that won't be until at least 2020.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.