Here's what passes, apparently, for economic thinking among business leaders these days. One Howard Lorber was on CNBC this morning urging bubble viewers not to worry if enactment of the tax cut slips to the first quarter of 2018. The key thing, said the chairman of Douglas Elliman, which is New York's largest real estate broker, is to get it done:
Priming The Pump With John Maynard Trump, Part 1
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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.