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Stockholm Syndrome At The Eccles Building

Summary:
Well, that was easy. After the most devastating economic collapse last year since the early 1930s, inflation-adjusted retail sales in January came in 6.0% above their January 2020 pre-Covid level. As shown in the chart below, that was the second largest year-over-year gain since the turn of the century. And it needs be emphasized we […]

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Well, that was easy. After the most devastating economic collapse last year since the early 1930s, inflation-adjusted retail sales in January came in 6.0% above their January 2020 pre-Covid level. As shown in the chart below, that was the second largest year-over-year gain since the turn of the century. And it needs be emphasized we […]
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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