The mules of Wall Street were back at it again yesterday, buying the dips after the overnight whoosh in the futures market. Apparently, it will take an actual 2x4 between the eyes to break a habit that has been working for 96 months now since the March 2009 post-crisis bottom.
Trump's $4 Trillion Fiscal Hole---Why Tax "Cuts" And Revenue "Replace" Will Be An Even Bigger Debacle, 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.