Then there is this sad picture. Any wonder why they are managing expectations?
There may be one or two dollar bulls out there. Usually I am one of them at times like this that are ripe for some contrary action, but I can’t make that claim based on this chart and based on the untenable situation policy makers find themselves in; caught between and inflationary rock and a Treasury yield hard place.
Okay, posting to be sparse for a couple days. Just see this mess for what it is and hopefully we come out okay on the other end.