We’re gearing up for another positive day for stocks. There isn’t anything notable about this morning’s news flow, other than the fact that gold is getting hit in the head again, off by 0.3%
Benjamin Bernanke, aka The Bearded Clam, is on CNBC this morning talking greasy about Emperor Trump’s economic strategy, casting doubt on whether he can jimmy rig it to grow 3%+.
“On a sustained basis, it’s certainly possible, but not likely.”
Should Congress pass a tax cut, as Trump has proposed, “You might have a bump because of the increased consumer spending,” he said.
However, if he was to bet on whether the economy would break the 3 percent barrier, Bernanke said, “I would take the under on that.”
Whatever.
Over the weekend, there was more provocations between ‘Merica and N. Korea. God willing, we will enter a period of total war soon.
Futures are indicating +45.
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Shalom Bernanke, the FED operator known for a “helicopter drop” of money into banks’ laps. BTW, when was the last time the FED had a non-zionist chairman? Oh, ma bad…