Tuesday, April 25, 2017

Start and stop swamp

Trump Signals Shift on Wall Funding to Avert Government Shutdown

We expect this, the economy has geared itself to a bankrupt, start and stop government in the swamp.

Economists can change the semantics all they want, but a paralyzed, debt ridden start and stop legislature is bankrupt. Goldman-Sachs is trying to get interest payments made, but the potential growth of the economy is about 1.75%, and the swamp typically pays the ten year rate.  GS has to target a narrower window on the ten year, 2.0-2.4; all they have is  40 basis points now.  Everything in the senate has to be carefully orchestrated, else they get a sudden jump in interest payment and small states lose their cookie.

We will get a big rush of consumers wanting the new crypto coins.

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