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The US economy, Potemkin Markets and QE
Blain’s Morning Porridge Dec 11th, 2025 – The US economy, Potemkin Markets and QE
“The IQ of a mob is the IQ of the dumbest member divided by the number of the crowd.”
Y’day we had yet another Judder Moment for markets as the Fed surrendered to Trump and prepares to juice the markets with renewed QE. Have we learnt nothing? No, I guess we have not. Pretend and keep pretending as we enter the Potemkin Economy era. This will not end well.
LINK TO PODCAST
What should we make of yesterday’s Fed Meeting? A cut in Fed Funds to 3.50-3.75%. Huzzah! Ah, the madness of crowds… “Oh no, here we go again”…
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