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Why The “Trump Reflation Trade” Is For Chumps

This is a syndicated repost published with the permission of Stockman’s Corner – David Stockman's Contra Corner. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

If you need any evidence that the world’s central banks have destroyed honest price discovery in the financial markets, the last few days have provided it in spades. The nearly $2 trillion sell-off in the global bond markets since last Tuesday was warranted but happened for the wrong reasons, while the 600 point gain in the Dow index gives stupid a whole new definition.

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