Friday , July 28 2017
Home / David Stockman's Contra Corner / The Great Immoderation: Beware of Money Printers In The Land of The Bubble Blind, Part 1

The Great Immoderation: Beware of Money Printers In The Land of The Bubble Blind, Part 1

Summary:
Your better believe it. The high flyers in virtually every nook and cranny of the financial system will soon be dropping like flies before a summer storm. That's because the Fed's decades-long money printing spree has finally ended, but only after it had contaminated and falsified asset prices everywhere.

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Your better believe it. The high flyers in virtually every nook and cranny of the financial system will soon be dropping like flies before a summer storm. That's because the Fed's decades-long money printing spree has finally ended, but only after it had contaminated and falsified asset prices everywhere.

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.

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