It's all over except the shouting for Obamacare repeal and replace, but that's not the half of it. Last night's courageous stand by Senators Lee and Moran was way much bigger than putting the latest iteration of McConnell-Care out of its misery; it actually rang the bell loud and clear on the fact that the Imperial City has finally become fiscally ungovernable.
The Imperial City's Fiscal Waterloo
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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.