why the "trump reflation trade" is for chumps by david stockman.   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.
why the <u+201c>trump reflation trade<u+201d> is for chumps
david stockman