[ameribbean expat]

Good read.

[dp0622]

This one looks like it’s worth opening up. Gonna give it a read.

Warren That ####.

[Chgogal]

Interesting! Thanks for the post.

[Ray76]

Funny that “financialization” is mentioned, I was thinking about it this morning in relation to Trump being “Main Street” and how “Wall Street” has taken over.

Now to dive in and read it! Thanks for posting

[KarlInOhio]

Interesting little trick there, comparing 1987 vs now in nominal dollars for each year for the Fed and Warren Buffet's assets but doing inflation adjustment on the payroll figures. If you inflation adjust the others they would be 11x and 16.7x. Sure, still huge, but using different rules for them is a sign that Stockman is cheating. He may have a point, but my antennae are up.

[PGR88]

David Stockman is completely nailing it with his last few articles - he explains exactly how the Fed’s money printing is distorting our economy, destroying the middle class, and blowing bubbles.

I would also add - the Fed is also the only supports under the leftist nanny state. Without all that government debt in unbacked, fiat currency - the Left and Democrats would be destroyed.

That is exactly why I view the Fed as a direct enemy of conservativism - it directly supports our enemies.

[gattaca]

ping