Like nearly everything else Donald Trump said this week, 'this is not a financial crisis' is a lie. Can a crippling crisis be averted, when the markets are losing faith in the Fed's ability to provide meaningful intervention?
Prepare for everything to change. We are witnessing widespread systemic collapse - the accelerating, interrelated breakdown of multiple subsystems, failures of which are compounding on one another. This could be the beginning of the end.
Keeping our economic system intact (despite all the signs that this is an unsound goal) might require increasingly aggressive interventions.