With the market flickering toward the green side again today, the Fed undoubtedly sees an all clear signal to inch forward by another 25 basis points from the deep corner into which it has painted itself. It might even be emboldened to clarify a tad more its recently announced plan to start shrinking its elephantine balance sheet later this year.
Why The Market Will Blow---Picking Up Nickels In Front Of The Steamroller
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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.