Probability of government default higher

Another Iconic Deflationist Capitulates: According To Russell Napier, "Control Of Money Supply Has Permanently Left The Hands Of Central Bankers

I think he means we will get the volatile overnight erasure of a trillion or so in Fed balance sheet. The Antificants are rightly in rebellion on the Fed tax, and so are pension funds soon, and mortgage businesses. The tax is unsustainable and growing.