Why You Should Not Underestimate The Severity Of The Coming Recession

My view, however, is that virtually everyone is underestimating the tremendous economic risks that have built up globally during the past decade of extremely stimulative monetary policies. I believe that these unknown risks are going to rear their ugly heads with a vengeance in the coming recession and that heavily indebted governments will have far less firepower with which to rescue their economies like they did during the 2008 to 2009 Global Financial Crisis.










David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.