Warsh.

If you ever doubted that there was no innate intelligence on Wall Street, Warsh's appointment as Fed Chair only confirms that the market is a know-nothing when it comes to Fed policy and pretty much anything else. The market consensus is that the Fed will raise rates at its next meeting to combat ticking up inflation. Wrong! The gremlins at the Fed have already monkeyed with how core inflation is calculated. Magically, inflation is suddenly no longer above three percent. Now, it's at two percent and even the dumbest imbecile on Wall Street should know what that means: a rate cut and a return to QE. Of course, they won't call it that but QE it will be. Watch gold and silver take off and quickly head to the moon as soon as that happens. Blithering idiots!

Trump actually told Warsh to be "independent." Yeah, right. We all know that if the Fed dared to raise rates that Trump would publicly be on Warsh like white on rice. So, fasten your seat belts. It's going to be at least a bumpy ride straight to economic distress. Nice going, guys.