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David Stockman Asks: ‘Dow 25,000, What Could Possibly Go Wrong?’
By David Stockman as originally published on Contra Corner and reprinted here with permission
Dow
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It’s not really the deficits that are the issue (they matter in a totally different way to the popular delusion about them) – it’s the ever increasing amounts of energy required to sustain ever greater bubbles that’s the problem. All precedent suggests this won’t end well https://www.cnbc.com/2018/01/05/dow-25000-investors-should-be-terrified-about-dow-25000-analyst-says.html