The markets are not so happy this morning either.

Todd is correct partially, that the economy is down turning but not because of tax breaks and tariffs.

Its because of trillions of printed money, insurmountable debt, artificially historically low interest rates to stave off hyper inflation.

Now the crows have come home to roost and its time to pay the piper with a big wealth transfer. The funniest thing of all is that the banks and investment firms are the piper because they have hedged themselves with free money from the FED.