Monday, March 4, 2019

Ten year yield too high

Stocks dumped at the 10 basis point rise in the ten year, the goal posts are narrower, we are in bear market. The idea is to keep all this as a standard Q1 downturn, then build up from there. Tax reconciliation among the Feds and states is the major impediment to adjustment.

More tax and less spending, do the deal, do Nixon Shock, do it better.

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