The sight of Janet Yellen and her posse of Keynesian apparatchiks at the Fed (along with their camp-followers on Wall Street) down on their statistical hands and knees searching diligently for signs of rising inflation (to the second decimal point ) is a farcical sight to behold. They just can't seem to find what they have spent years trying to generate, as our monetary school marm averred in this week's testimony on Capitol Hill...
Memo To Fed: Asset Bubbles Are The New Inflation
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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.