No matter how strong the economy and the resulting revenues to the federal government, government spending will continue to outpace them, likely leading to government default by inflation.

Is this the beginning of the end? Is this the death knell for stocks and bonds, administered by the Fed in the name of taming “inflation?”

The International Monetary Fund fell into the same trap as so many other forecasters have: ignoring both the temporary nature of Trump’s tariff strategy and the incoming wave of repatriated funds that have been languishing overseas for years.

Market watchers will have to wait until Tuesday to see if the mini-panic selloff last week picks up steam.

There are clouds on the economic horizon.

Affiliates and Friends

Social Media