Doug Noland: Discussions on the Fed Put

wallstreetexaminer.com / by Doug Noland • March 25, 2017

This is a syndicated repost courtesy of Credit Bubble Bulletin . To view original, click here. Reposted with permission.

Market focus this week turned to troubled healthcare legislation, with the GOP Friday pulling the vote on the repeal of Obamacare. This “Republican Catastrophe” (Drudge ran with a Hindenburg photo) provided a timely reminder that Grand Old Party control over the presidency and both houses of congress doesn’t make it any easier to come to a consensus for governing a deeply-divided country. The reality is that it’s a highly fractious world, nation, Washington and Republican party – and the election made it only more so. Perhaps Monday’s sell-off was an indication that reality has begun to seep back into the marketplace. If repealing Obamacare is tough, just wait for tax reform and the debt limit.

CNBC’s Joe Kernen (March 20, 2017): “For a guy that was there trying to deal with the housing Bubble – that would be the other thing that people would bring up to you. That you don’t know what low rates are really doing. You don’t know where the next dislocation is going to be.

Read more ... source: The Bitcoin Channel

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