Here is the curse that nine years of fantastic money pumping and financial asset price falsification by the Fed and its fellow traveling central banks have wrought. What we have is stock market indices that have become utterly decoupled from the baleful condition of the real economy and a robotic buy-the-dips trading juggernaut that has become a clear and present danger to financial stability.
Picking Up Nickels In Front Of The Steamroller With Eyes-Wide-Shut
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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.