This guy actually fully get it

Somewhat related, from May to September Chicago might just be the best city in America.

The fed can make a wrong call or be late or early and correct its mistake. The risk is a Fed subservient to the administration will fail to correct itself and keep rates low amid an inflationary threat. That means both dollars and bonds have to reflect more inherent inflationary risk.

I imagine the treas tariffs were lower and bore some
resemblance to reality. Bessent, the treasury secretary, actually said on CNBC, “I wasn't involved in the calculations of the numbers…” So we get plans with no backup, no expert input or market feedback, no projections, no penguin exemptions. 2/3

“Trust in Dear Leader” is not an economic policy. It’s a cult motto. 3/3