Cykros on Nostr: "Why do you think the Trump administration is tearing down the stock market, silly? ...

"Why do you think the Trump administration is tearing down the stock market, silly? He's trying to get investors to flood into the bond market, reducing rates so that he can refinance the debt at a lower rate and buy some wiggle room, and doesn't care if it induces a recession, which it probably has to (even in nominal terms). The Fed will follow along, because at the end of the day they're a toothless institution that just follows the market and takes credit for what happens in an effort to try to justify their own existence." Pay no attention to the man behind the curtain.

Sounds like the home schooling is going pretty well in any case. I look forward to reading his dissertation when he's 5.