Another Jobs Friday brought still another reminder that things are not what they are cracked-up to be. That's because during the stock market's latest run to Peak Absurdity, the sell-side mavens have more or less abandoned the ballyhooed Trump Stimulus, but have simply invented another fake narrative for buying the dips.
Peak Absurdity---Fake Jobs, Fake Climate, Fake Recovery
You need to login to view this content.
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.