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David Stockman: ‘Kudlow’s Job Is To Dig Through A Pile Of Horse Manure And Find Trump A Pony’
By David Stockman as originally published on Contra Corner and reprinted here with permission
Goldilocks is a conceit of monetary central planning and its erroneous predicate that falsifying financial asset prices is the route to prosperity. In fact, it only leads to immense and unstable financial bubbles which eventually crash-----monkey-hammering the purported Goldilocks Economy as they do.
It also leads to a complete corruption of the economic and financial narrative on both ends of t
I agree with David Stockman ‘ s reasoning , but as always timing a Bubble Pop is so so tricky especially when essentially the entirety of The U.S. Government endeavors and area of expertise is Bubble Management . Tomorrow or a lifetime of tomorrow’s May come and go before … Pop
The thing that The David Stockman’s never mention is that : Some people do very well with economic bubbles , the $100 Million plus apts . On NYC’s Billionaires Row can attest to that .
Buffett , Goldman Sacks and other assorted beneficiaries of the last Bubble Pop Bailout are doing quite well . An old saying go’s some people ” had a very good war ” .
Ferngi’s: “War is good, Peace is good, Profit to be found in both”