In a stunning and almost unprecedented development, Chief Goon Powell unleashed a "dovish" opening statement today at his Hump-Hawk testimony. One logical conclusion is that, behind the scenes, things must be far worse than we know.
The full text of CGP's prepared remarks is below:
Powell July 2019 by on Scribd
If that's too much to handle, here's the Cliff's Notes version from ZH:...