October Update: Red Ponzi Keeps On Slouching Toward The Flat Line

As such, Communist officials are driving toward another mandate, somewhat in a panic, where the goal is not really growth. In a sense, they seem intent on managing the decline as best as they might, realizing it’s not going to get better anytime soon (“L”) but not wanting the downward slope to accelerate too far toward an impossible-to-control scenario (the so-called hard landing).

I’m not sure it’s possible, though at this point what other choice may they have realistically available?

 

 

 

http://davidstockmanscontracorner.com/?p=242019&preview_id=242019&preview_nonce=d8c2a64edc&preview=true

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.