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More “K” Than “V”: Why The Recovery Isn’t What It’s Cracked Up To Be By Wall Street

Summary:
Even though the revenues generated by corporations come from economic activity, the Fed has fostered a “debt-driven” explosion of speculative investment activity. Despite the economy plunging in Q2 by most since the “Great Depression,” unemployment surging, and nearly 50% of small businesses nationwide failing, the stock market soared to new highs. Such is a clear example of how Central Bankers distorted the economic relationship. https://www.davidstockmanscontracorner.com/?p=417224&preview_id=417224&preview_nonce=a1f8a3ae94&_thumbnail_id=-1&preview=true

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Even though the revenues generated by corporations come from economic activity, the Fed has fostered a “debt-driven” explosion of speculative investment activity. Despite the economy plunging in Q2 by most since the “Great Depression,” unemployment surging, and nearly 50% of small businesses nationwide failing, the stock market soared to new highs. Such is a clear example of how Central Bankers distorted the economic relationship.

More “K” Than “V”: Why The Recovery Isn’t What It’s Cracked Up To Be By Wall Street

https://www.davidstockmanscontracorner.com/?p=417224&preview_id=417224&preview_nonce=a1f8a3ae94&_thumbnail_id=-1&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.

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