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Quantitative Deflation

As the euphoria generated by the election of Donald Trump subsides, ebbing away like a strange and fantastic dream, the financial markets are coming to realize that the promises of tax cuts, spending hikes and deregulation are empty.  One very tall central banker we know, for example, is no longer worried about his eponymous rule prohibiting bank principal trading being repealed.  Thus we all mentally reset the quantum monetary clock back to the week prior to the November ’16 election and ask: what next?

Maxine Waters To Trump: "Get Ready For Impeachment"

Maxine Waters To Trump: "Get Ready For Impeachment"

Having demanded Donald Trump's impeachment before he became President, called his cabinet "scumbags," and slammed him for supporting "Korea-invading Putin;" it appears Maxine Waters is doubling down, tweeting today that it's time to "get ready for impeachment."

As a reminder, Waters brought the crazy in January - before President Trump had been inaugurated, going so far as to suggest that the nicknames Trump used against all his political opponents, even Republicans, were fed to him by Russia.

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