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The question now is if and how far they can kick the can. Trump can't afford a recession in 2020 or he's out. Fact is the tax cuts have done squat for growth, they were too late in the business cycle, now there's less stimulus available. And the Fed only has 8 rate cuts b4 zero.
We've never faced a recession with so much debt and so little Fed ammunition available and with negative rates still in effect in many places There's no playbook for this. Historic data will be of little use.
Let's invert all the yield curves now and see what happens.pic.twitter.com/gH1FbE0hOr
The answer? Buy gold hand over fist
Cramer says the water’s warm.
MMT not QE
They are going to devalue the dollar
& probably helicopter stimulus
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