There must be some kind of mind-numbing ether flowing up and down the Acela Corridor because developments on both Wall Street and in Washington are becoming more clueless by the day. That starts with the fact that Donald Trump doesn't seem to know that he is actually President. Nor does Wall Street have a clue that current out-of-this world PE multiples are heading for a giant implosion.
Peak Cluelessness In The Acela Corridor
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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.