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By: Doug French Between the Federal Reserve, Congress, and covid, navigating the business cycle is equivalent to sneaking through a house of mirrors. The stock market is making new highs as unemployment rates do the same. Thousands line up for free food and soon will do the same to be vaccinated. The nation’s governors tighten restrictions by the day while the Federal Reserve remains loose in its monetary operations. Wolf Richter of Wolf Street has split the US economy into “the weirdest economy ever” when writing about the trucking boom and Online sales and “the most distorted economy ever” when addressing the record low junk bond yields. ....
The Weirdest, Most Distorted Economy Ever zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Don t believe all of the leaks they seem to be going in a different direction. experiment at home. abroad, you can t lurch to a john bolton. you think that steve bannon appointment got negative press? you think that s bad. pick rudy giuliani as your secretary of state or john bolton as your secretary of state and watch everything meltdown. internationally. i couldn t agree more. the transitions are messy as david said. they have plenty of time in the scheme of things to get this sorted out and getting rid of christie and his team is going to set them back. the domestic appointments will be driven by paul ryan and mitch mcconnell. some of the names beingloated for these national security jobs would be a catastrophe symbolically and substantively. ....