As far as we can tell, Jerome Powell is worse than Janet Yellen with a tie. That's because he is the kind of Swamp based RINO (Republican in name only) who has no clue that Keynesian central banking is a mortal threat to capitalist prosperity; and because his history as a crony capitalist beneficiary of that regime at the Carlyle Group has left him blind to the wanton destruction it is unleashing.
A Monstrous Bubble---The Destroyer Called Amazon
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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.