Following the balance sheet data from the Fed’s weekly H.4.1. and H.8 reports can be like watching grass grow for long stretches. I have pored over this data for 15 years and have sometimes wondered, “Why bother?” The answer is that over time we can note subtle changes in pattern that lead or reveal the changes in the season of the market. Right now is one of those times.
Bubble Trouble At US Banks
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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.