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The Beginning Of The End—For Wall Street And The Donald, Too

Summary:
Ever more hyped up on an impending China deal, every meeting, and movement of negotiators caused market spikes, a Trump tweet about “warm feelings”, a .7B repo operation by the Fed to keep things tidy, a sudden out of the blue B/month Treasury buying operation announced by the Fed, multiple Fed speakers to boot, what a scene. https://northmantrader.com/2019/10/12/the-beginning-of-the-end/

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Ever more hyped up on an impending China deal, every meeting, and movement of negotiators caused market spikes, a Trump tweet about “warm feelings”, a $82.7B repo operation by the Fed to keep things tidy, a sudden out of the blue $60B/month Treasury buying operation announced by the Fed, multiple Fed speakers to boot, what a scene.

https://northmantrader.com/2019/10/12/the-beginning-of-the-end/

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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