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Thanks, Fed! Some Ruminations On Melinda’s Big Payday

Summary:
The reigning “narrative” on Wall Street is truly blind, deaf and dumb. That was made clear on bubble vision this AM by a spokesman for Pimco. She advised her credulous host not to worry about Sleepy Joe’s sweeping tax increases because, well, they will be accompanied by an equal amount of spending stimulus! Let’s see. […]

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The reigning “narrative” on Wall Street is truly blind, deaf and dumb. That was made clear on bubble vision this AM by a spokesman for Pimco. She advised her credulous host not to worry about Sleepy Joe’s sweeping tax increases because, well, they will be accompanied by an equal amount of spending stimulus! Let’s see. […]
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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