Paul McCulley: "The Coming War between Trump & The Fed"

I just got back from an economic summit in Wyoming where I spent some time with Paul McCulley.  He is an economist and former managing director at PIMCO.   


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He is the guy that coined the terms "Minsky moment" and "shadow banking system". 

Recently, he put together this explanatory cartoon about the relationship between Trump & The Fed.

Truth, Humor, and a Unique Perspective … Worth a watch.



Ultimately, he is fairly bullish … but cautious.  He says: "After eight good years on Wall Street, it's bound to end soon.  Don't be greedy."

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