Thursday, January 5, 2017

Everybody wants to devalue their currency



We are going to have massive fiscal stimulus because voters are mad as hell, that's why Trump got elected. Its going to take a couple of years, its going to have to go thru Congress. I think the markets have jumped the gun's on this.

Other topics covered:
Japan stimulus, Japan's budgets, Limits of monetary policies, Helicopter money in USA,  No inflation in the foreseeable future, China growth slowing with the official rate being overstated to save face.