Ever since the wee hours of election night it’s been a case of “what are they thinking?” The only possible reason for the 15% rally off the midnight lows was that a giant Trump Stimulus would hyper-charge the flagging US economy and send profits---which have been shrinking for the last eight quarters--- soaring into orbit.
The Casino Bet All Its Chips On Orange----Now Comes The Reckoning
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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.