Kevin Warsh Just Helped Blow up the World’s Hottest Trade

Kevin Warsh just helped blow up the world’s hottest trade

Kevin Warsh has spent months saying he’d cut rates, but the market has fixated on his history as a hawk on inflation, pushing the US dollar up and sending precious metals plunging.

Kevin Warsh Fed Chair Speculation Triggers $6 Trillion Market Crash Amid QE Concerns

TLDR: Kevin Warsh’s Fed Chair probability surge yesterday triggered immediate sell-off across global markets.  Former Fed governor criticized QE as reverse Robin Hood policy benefiting markets over real economy growth.  Markets fear combination of rate cuts with balance sheet reduction instead of traditional liquidity expansion.  $6 trillion erased in 60 minutes spanning gold, equities, and crypto as investors reprice policy expectations.    Ma…