David Stockman On Subprime, WeWork And Beer Goggles

By David Stockman as originally published on Contra Corner and reprinted here with permission Wall Street's beer-goggle induced complacency is not simply a matter of eager-beaver optimism or an excessively short-term focus on the meme of the day. It is exhibit #1, in fact, of the profound intellectual mendacity, sloth and downright corruption that has accompanied the Fed's destructive regime of monetary central planning. Needless to say, the latter has thoroughly falsified financial as