I knew Trump's term would include a Black Swan Event, and a totally inept response. Hope you all ignored his flunky's advice to go out and buy stocks a few thousand DJIA points ago.
Isn’t that the opposite of a black swan event? The whole point of one is it’s near impossibility to predict and happen?
If, on the other hand, you were looking at the composite P/E ratio of the markets or watching them crap their pants at the slightest hint of a fed rate hike then, yeah, you could make the case that we were in a rentier’s economy and the largest product we now make is debt. There’s only a few ways for that to go.
Today’s announcement by the Fed, to backstop commercial lending markets, looks to be Following the same path as Obama. Protect the aristocracy, let the plebes fend for themselves. Unless I’m missing something here it should produce similar outcomes but worse that Obama’s ‘let them eat cake’ policies did.
