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The Scourge Of Easy Money, Part 1

Summary:
What in the world were these fools discounting? Earlier today the S&P 500 was trading at 36X LTM net income and the Russell 2000 (RUT) was off-the-charts. And that was at the very time Sleepy Joe was pledging to monkey-hammer the American economy with a climate change dragnet that will send growth, productivity, jobs, living […]

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What in the world were these fools discounting? Earlier today the S&P 500 was trading at 36X LTM net income and the Russell 2000 (RUT) was off-the-charts. And that was at the very time Sleepy Joe was pledging to monkey-hammer the American economy with a climate change dragnet that will send growth, productivity, jobs, living […]
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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