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Madness On Both Ends Of The Acela Corridor

Summary:
As we said yesterday, the central bank enablers have fostered madness at both ends of the Acela Corridor, and it’s an especially virulent kind of madness because it is two-pronged: The Fed’s torrent of bond-buying and liquidity has unleashed Wall Street speculators and Washington’s free stuff dispensers alike–and like never before. The stock market has […]

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As we said yesterday, the central bank enablers have fostered madness at both ends of the Acela Corridor, and it’s an especially virulent kind of madness because it is two-pronged: The Fed’s torrent of bond-buying and liquidity has unleashed Wall Street speculators and Washington’s free stuff dispensers alike–and like never before. The stock market has […]
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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