The markets are going nuts for a good reason. The Administration is taking, at random, three steps backwards and 1 step forward on a wide range of issues. These include effectively eliminating trade with China, threatening the independence of the Fed, attacking our nation's comparative advantages in education, scientific achievement, training foreign students, and providing tourists a warm welcome to our country. Now our chosen one is in the process of turning back the best and the brightest, attempting to deport hundreds of thousands of immigrants, denying habeas corpus, knifing Ukraine and NATO in the back, abrogating the rule of law, and fill in the blanks.
This is my take. Torsten Slok, whose wiki page is here, is not party one way or the other to my views. He's sticking strictly to the facts in appraising the markets and our national and global economy. In so doing, he provides a stark warning about our economy's near-term economic and financial futures.
Torsten is a brilliant economist. But he's also as informed as it gets on what's going on in all corners of our and the rest of the world's markets. Hence, this is a podcast you don't want to miss!
Related: Detecting the Universe’s Secrets: The Work of Lawrence Sulak