The Story of the Cradle-to-Grave Stimmy

The hits just don’t stop coming. Last Friday, the Commerce Department revealed that government transfer payments in March reached a staggering total of $8.1 trillion at an annualized rate, which figure compares to the $3.2 trillion pre-COVID benchmark level that prevailed in February 2020. Accordingly, during the month in which Sleepy Joe’s great big $1,400 stimmy checks came roaring […]

You need to login to view this content. David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself. David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly. This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life. SUBSRIBE NOW | SUBSCRIBE NOW