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Direction of Deficit

Summary:
For the record, EVERYBODY is 100% long on deficit going up... and I mean EV-ER-Y-BOD-Y is long the deficit.These Peterson people are saying it is going back to T: Kick of the New Year with #NEC's first event of 2018: Marc Goldwein (@MarcGoldwein ) speaks on "The Return of Trillion Dollar #Deficits". Register here: https://t.co/k6UZQwC0zr — Natl Economists Club (@NatlEconClub) December 27, 2017 This level of conviction is the same as the position taken in the face of Fed doing the QE was going to cause inflation back in 2009-2010 timeframe.Even if the deficit just stays the same they will all be discredited.

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For the record, EVERYBODY is 100% long on deficit going up... and I mean EV-ER-Y-BOD-Y is long the deficit.

These Peterson people are saying it is going back to $1T:

This level of conviction is the same as the position taken in the face of Fed doing the QE was going to cause inflation back in 2009-2010 timeframe.

Even if the deficit just stays the same they will all be discredited.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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