hedge fund manager, economist, Washington refugee, anti-partisan, amateur linguist, tourist TA, bonobo wannabe
@FakeRTGoLT IME the majority of chart traders know very little--and much of it wrong--about basic things like how government works, what the implications are of policy X or Y, etc etc. Often there is a whiff of conspiracy thinking as well. Doesn't mean stupid as much as poorly informed.
Daily deaths in Florida. If this were a stock chart, technical traders would be buying the hell out of this breakout. The charts of AZ, CA, and TX look similar.
@prchovanec Not even real estate. He always impulse-bought high, using leverage. The Apprentice and Russian money laundering saved him. Reality TV led to the branding and licencing.
@TheStalwart In terms of utility, apart from its research, it’s a forum in which central bankers can swap best practices and coordinate policy as and when necessary
If you dump a massive deficit spending package AND a Yuge corporate tax cut on Obama's 2% economy and only get a one year bump to 3%, you can blame whomever you want, but your supply-side, trickle down, country club repatriation investment theory was dead f*cking wrong
Inherit a 2% economy, dump a boatload of OPM on it, get 3% for a year or two, claim it's the greatest economy the world has ever seen, and when the turbo fiscal boost rolls off and the economy starts to slow, blame the Fed for not keeping interest rates at zero.