
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
As chicken little said “the sky is falling”.