Chart Of The Day: So Much For The 'Great Moderation'


Click to enlarge

A study published last month by the Bank for International Settlements5 shows the evidence that worldwide financial crises have been amplifying both in terms of their overall magnitude and relative to the real economic cycles.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.