Hi Greg,

I am fluctuating between the idea that the administration is going to prop up the markets and the idea that this is exactly what they want and they are going to push it over the edge.

I say that for this reason.

Option 1: The bond market is in trouble. The US passes a huge tax cut leaving a hole in the budget of $1+ trillion. That is not the way to help the bond market. After the tax cut, large amounts of cash are being pulled back to the US and not subject to the taxes they would have paid. They may know that the Dollar is done and now they are just stripping out any value that might be left.
Just like 1929...they know what is about to happen and are amassing a huge pile of cash to buy it all up after everything is reduce to a moldering pile.

in this scenario the US defaults on it's debt(a huge bonus for all of us) and the big money(currently in cash) buys everything is a fire sale. Then the economy turns around unhindered by our current debt levels.
Note: Trump has done this in his own businesses several times to his long term benefit.

Option 2: On the other side, they could also be swinging for the fence in the hope that this might have a shot of averting a complete meltdown(the continuation of 2008). For the last 10 years they have been trying to stop the expected outcome of 2008 real estate bubble popping while prevent fair value being seen in Real Estate, Equities, Bonds and precious metals. They have been running the presses overtime to inflate our way out of a huge deflation event.

This scenario is just hoping more of the same will work.

I think we could agree, whatever is happening it looks like something big is afoot and that the BIG BOYS are playing rough.