Outspoken critic of The Fed and one of the few that can see through the endless barrage of bullshit to how this really ends, has laid out in a tweet “what happens next”…
Likely sequence of events:
1. Bear market;
2. Recession;
3. Deficits explode;
4. Return of ZIRP and QE;
5. Dollar tanks;
6. Gold soars;
7. CPI spikes;
8. Long-term rates rise;
9. Fed. forced to hike rates during recession
10. A financial crisis without stimulus or bailouts!
via RSS https://ift.tt/2ITTHu7 Tyler Durden