1. Finally, FINALLY, after weeks of chaos and dysfunction, realize that the Secretary of Defense is an alcoholic nimrod who needs to be fired immediately.
2. Hire somebody even worse to replace him.
3. ???
4. Profit.
It's so easy to get lost in what looks like small percentage moves and lose perspective on what those moves represent.
-The 10 yr treasury is down 8 basis points right now, which represents an additional ~28 Billion dollars in interest payments on US debt annually.
- The S&P has a total value of ~47.5 trillion but has lost 3.3% of that value today, so roughly 1.5 Trillion dollars on lost value
- The USD is down 50 basis points today, which represents the US dollar having lost approximately 12 billion in value relatively to the international currencies in the "basket".
All of that is not supposed to happen at the same time.