David Stockman Presents: The Truman Show

By David Stockman as originally published on Contra Corner and reprinted here with permission Among the many evils of the Fed's Bubble Finance regime is what might be called the Truman Show effect. Like the Jim Carrey character who was unknowingly living a fake life on a movie set in the 1998 film, Wall Street players----including the financial press---have been prospering inside the Bubble so long that they do indeed think it is reality. Or more to the point, they have forgotten (or