While the Imperial City is frozen in anticipation of tomorrow's Second Coming of Comey, it doesn't mean that the Washington spending machine is on pause. In fact, the Treasury's cash balance yesterday stood at only $153 billion---down by $130 billion just since the tax season peak was reached on April 25th.
Coming Soon---The Mother Of All Debt Ceiling Crises
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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.