Every month I trot out a list of charts of bank deposits in Europe's bigger dead sister banking systems, Italy, Spain, Portugal, Ireland, and Greece. I wasn't going to recount them here this month because there was really nothing new to report. They were all still either declining or lying there dead in the water in April, just like every month before.
The Bank of the People Was The Tip of the Iceberg - Who's Next?
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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.