Even as the stock averages were taking a spill Thursday afternoon, the CNBC talking heads were busy talking up still another "upturn" in the US economy and corporate profits. According to them, yesterday's last minute jitters in the casino was just a MOAB scare before the long holiday weekend.
Here Comes MOAD: Why The Trump Reflation Fantasy Ends On Day 100
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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.