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The Birth And Rise Of Washington’s Infernal Inflation Machine, Part 5

Summary:
This is getting truly ridiculous. They made another run at another all time high on the S&P 500 today, notwithstanding that the Fed’s self-inflicted inflationary trap is closing in all around it. So when the virulent incoming data soon forces them to start tapering ahead of schedule and beginning the “lift-off” of interest rates long […]

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This is getting truly ridiculous. They made another run at another all time high on the S&P 500 today, notwithstanding that the Fed’s self-inflicted inflationary trap is closing in all around it. So when the virulent incoming data soon forces them to start tapering ahead of schedule and beginning the “lift-off” of interest rates long […]
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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