The apparent shrinkage of the monetary base has gotten attention from some pundits lately. I have warned that the apparent shrinkage was really a shell game that flows from the way the economic priesthood defines reserves, not in any real change in the excessive quantity of money that has driven the stock and bond market bubbles.
Cash Floods Back Into Reserves And Other Banking Facts That Matter
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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.