Revolutionary Force Gathers To Oppose El Presidente Permanente

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The rationale for the recent runup in Treasury yields is that that the economy will strengthen under El Presidente Cabeza Grande Trump. Supposedly El Presidente’s wise and stimulative policies will make the economy grow 5%. Hey, if El Presidente Cabeza Grande says it, it must be true! And the Wall Street pundits, with their infinitely perspicacious analytical capability have wisely concluded that this means that inflation will rise.

Never mind that we’ve already had massive asset inflation. That doesn’t count in their worldview.

So we’re going to have more “inflation.” And bond yields will magically rise, just because that’s what they always do when there’s more inflation.

I have a simpler explanation. It’s called supply and demand.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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