Saturday, February 17, 2018

Uh oh, they figured us out

While pundits on CNBC have given investors the all-clear to buy the dip and get back in, believing that all the fiscal stimulus from the Trump tax plan will almost certainly drive asset prices higher again, Peters is much more circumspect: As growth slows and inflation creeps higher, Peters believes markets will anticipate the recession by dumping stocks and bonds lower before the next recession even begins.
So, really! They know we can't pay the bill, and they know it before us little browns. Investors hide the do-re-me in non dollar assets, the dollar declines, rates shoot up and congress take a dump.  It is Powell to the rescue, but he has already been hedged.

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