There was little new or surprising at the Treasury auctions in March. The big wad of cash that Barack Obama had left behind for Don Trump is now gone. The Don spent all of it by early March. He paid down outstanding debt with most of it. That goosed the stock market. And where he had the discretionary spending ability, he spent as much as he could to goose the economy.
All Quiet on The Treasury Front Bodes Ill
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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.