Trickle-Down On Steroids And The Rise Of Cult Stocks

Foremost among the follies that has been committed by the Fed in recent decades has been its embrace of Alan Greenspan’s misbegotten “wealth effects” doctrine. Stripped to its essence, the latter holds that if people think they are more prosperous because the nominal value of their assets has been inflated, they will spend more. And […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.