On July 10, 2007 former Citigroup CEO Chuck Prince famously articulated what might be termed the "speculator's creed" for the current era of Bubble Finance. Prince was ash-canned within four months, of course, but as of that day his minions were still slamming the"buy" key good and ha
The "Chuck Prince Market" Redux---Only Even More Dangerous
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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.