Thursday, July 25, 2019

Market is not happy with the new budget

And the rate cut.  Both the deficit spending and Federal easing indicate preparations for recession.  The Fed is pro-cyclical, it has no choice in the matter.  Government is cyclical, Keynesians are cyclical. republicans are cyclical; and to top all those problem, we are at the end of the monetary cycle.  Nothing will work right.

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