Thursday , October 18 2018
Home / David Stockman's Contra Corner / Getting Out Of Dodge

Getting Out Of Dodge

Summary:
Total US credit market debt vs. nominal GDP – an ever widening gap. Eventually, something will have to give. It is not debt per se that is “bad” – it is the fact that much of it has supported overconsumption and malinvestment of capital. In other words, real wealth was diverted into unproductive channels and much capital was consumed. This is a process that will indeed turn out to have a limit. [PT] http://davidstockmanscontracorner.com/?p=185842&preview_id=185842&preview_nonce=e8d1ac49ce&preview=true

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes With MBS In Washington’s Saddam Hussein Chair–Maybe The House Of Saud’s Days Are Finally Numbered

David Stockman writes The US Housing Recovery Is Built On Quicksand

David Stockman writes Carmageddon Goes Global—-European, Chinese Auto Sales Plunge

David Stockman writes Source Of Italy’s New Budget Crisis—Runaway Spending

Total US credit market debt vs. nominal GDP – an ever widening gap. Eventually, something will have to give. It is not debt per se that is “bad” – it is the fact that much of it has supported overconsumption and malinvestment of capital. In other words, real wealth was diverted into unproductive channels and much capital was consumed. This is a process that will indeed turn out to have a limit. [PT]

http://davidstockmanscontracorner.com/?p=185842&preview_id=185842&preview_nonce=e8d1ac49ce&preview=true

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Your email address will not be published.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 *