Yesterday we explained how the GOP is leading Washington straight toward a monster Fiscal Calamity. That will occur no later than the middle of the next decade when the "sunset" gimmick in the tax bill hits American households with a drastic tax increase and the inexorable arithmetic of a business cycle recession takes its deadly fiscal toll.
Spend, Cut And Borrow---How The GOP Is Heading For Fiscal Calamity, Part 2
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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.