The US situation

The great Druckenmiller explains it. Same message as Dalio and the same thinking behind the bets being made by Dr Michael Burry:

https://www.youtube.com/watch?v=rq2lGZyW2yA

US assets are in bubble territory, the Fed has been hijacked by politics and today's monetary actions are just nuts. Blindly borrowing from the future to live large today, are they so sure foreign buyers will obediently line up for US Treasuries like in the days or yore? Or maybe in the future to balance the books the US will need to become pirates or eat their Rich. Oh wouldn't that be a wonderful irony, Comrade Sam?

Bloomberg and other news outlet commentators are still puzzling over what China's cross-cyclical approach means. It's making sensible (often unpopular) economic and macro policy decisions today to avoid pain in the future. A lesson I'm sure future generations will learn.