In Part 1 we proposed that the establishment narrative has it upside down. Washington's massive monetary and fiscal stimulus since the financial crisis did not fuel the so-called recovery. To the contrary, it cold-cocked the abortive attempt of our capitalist economy to regenerate expansion in the aftermath of the Greenspan/Bernanke housing and mortgage crash. We think history-based counterfactuals are a good antidote to liberal media propaganda, and in that context we offered a doozy.
The Great Wall Street/Washington Con Job: Part 2 Of The Recovery Which Never Happened
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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.