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David Stockman Presents: A $67 Trillion Nightmare
By David Stockman as originally published on Contra Corner and reprinted here with permission
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A voice of reason cried out from the darkness. This article is dead on. If course, no one wants to think about how this all plays out, and how a portfolio should be positioned to profit from it all. I guess we’re all still on the “diagnosing” stage. Stockman and Snider clearly get it though.
By the way heisy, this article is exactly why crypto continues to trade above $0, and will for as long as this dynamic remains in place. Cause there’s only one way out of this mess: inflate your way our while real GDP goes negative, leading to low single digits nominal GDP growth. That’s what the central banks around the world will coordinate next, at the even greater expense of the working class.