The American economy has been mangled by decades of statist assault on capitalist prosperity. Growth is dying because the Fed has induced corporate America to strip-mine its balance sheets and cash flows to feed the maws of Wall Street. Trillions of cash have been shunted into financial engineering (stock buybacks, M&A deals and leveraged recaps) to the neglect of real investment and productivity.
Petulance And Pipe Dreams On The Potomac
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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.