The Central Banking “Stimulus” Paradigm Is Flat-Out Busted

Fortunately, even in their current distorted form, we still have markets that allow some independent judgement on what is and isn’t revealed truth. And the truth negative yields reveal is an economic and central banking paradigm that no longer works, and which must change somehow. ‘Dudley-do-right’ may just have accelerated that process.       […]
To access this post, you must purchase Monthly Subscription, Quarterly Subscription or Annual Subscription.

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.