Tuesday , November 21 2017
Home / David Stockman's Contra Corner / The Great Immoderation: Beware of Money Printers In The Land Of The Bubble Blind, Part 2

The Great Immoderation: Beware of Money Printers In The Land Of The Bubble Blind, Part 2

Summary:
Yesterday we offered Neiman Marcus as a poster boy for the chain of economic deformations and financial mutations which have arisen from Bubble Finance. Now comes word that the once and former toney emporium of wealthy patrons and conspicuous consumption has been reduced to borrowing money to pay interest on its staggering billion mountain of debt.

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Fiscal Sundown In America, Part 1

David Stockman writes Here We Go Again—Swell Numbers Which Aren’t

David Stockman writes Top’s In—-3,000 Per Second At Christie’s Auction

David Stockman writes Three Strikes And You’re Out!

Yesterday we offered Neiman Marcus as a poster boy for the chain of economic deformations and financial mutations which have arisen from Bubble Finance. Now comes word that the once and former toney emporium of wealthy patrons and conspicuous consumption has been reduced to borrowing money to pay interest on its staggering $5 billion mountain of debt.

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *