Sunday, May 7, 2017

Scary chart

Chart from Nicholas Colas of Convergex via ZH.

Lower tax income for April, the month to watch according to Nicholas.   This chart makes Janet think bailout, once again, of the Senate. The lower tax tevenue is driving up the one year as Ned tries to keep pace. For the Fed to bailout the Senate two time in a row will cause the deju vu effect, the financial community will choose to go full sandbox and get fair pricing on defaults.

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