Monday , November 18 2019
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Eccles Building Update: As Clueless As It Gets

Summary:
But the Fed will fail. Why? Because they never saw it coming. To react this massively only 10 months after they projected a completely different reality (rate hikes and autopilot QT) they are now doing the opposite with guns blazing. There is no grand plan or control, they are reacting, chasing the fundamentals requiring ever more debt expansion to produce ever less incremental growth. https://northmantrader.com/2019/11/07/melt-up/

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But the Fed will fail. Why? Because they never saw it coming. To react this massively only 10 months after they projected a completely different reality (rate hikes and autopilot QT) they are now doing the opposite with guns blazing. There is no grand plan or control, they are reacting, chasing the fundamentals requiring ever more debt expansion to produce ever less incremental growth.

https://northmantrader.com/2019/11/07/melt-up/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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