We just had another "Jobs Friday" report and the underlying message could not have been more inimical to the "all is awesome" meme of the Wall Street/Washington establishment. Nor could it have been more timely and apt on the eve of an election where Donald Trump's insurgent candidacy has a fighting chance of crossing the finishing line.
Phony Jobs, Phony Recovery, Phony Regime----Now Comes The Reckoning
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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.