We could just call the Donald's maiden Congressional address a ponderous potpourri of platitudes and pandering and move on. But we can't get over the profligacy part. Trump promised more Big Government practically everywhere----the Pentagon, infrastructure, border control, education, veterans, crime, child care, medical tax credits-----with nary a word on how to pay for it.
A Ponderous Potpourri of Platitudes, Pandering and Profligacy
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.