During the last few days we have been debunking the notion that Imperial Washington's massive monetary and fiscal stimulus caused the so-called "recovery". To the contrary, it has actually poisoned the regenerative powers of American capitalism by causing capital and resources to flow out of the main street economy and into the speculative casinos of Wall Street.
The Great Wall Street/Washington Con Job: Part 4 Of The Recovery Which Never Happen
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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.