Saturday, April 27, 2019

I will bump the scary chart index

This seems a noisy stat, but the cycle is apparent and creditors are doing the 'been there done Money is tight for consumers and consumers are a bit scaredy pooh about jobs. Still, a minor two quarter dip, postponed at least a quarter.

If we could just chuk it right now and say, hey, let's get our MMT done, then use the upcoming recession as the changeover point to get the new system in place.

Millennials and the super wealthy will buy into this minor Nixon shock of mine, it is the baseline agreement. 

The Boomers seem a bit scaredy pooh. They will be under a fifteen year contract, with a renewal option. So they have to get their pay off number and go to MMT meeting. That meeting is likely to include the entitlement trade off.

But no more magic, the jig is up and the various tribes have to put numbers to their incantations and price them for the long term.

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