Stockman Warns “The Jig Is Up!” – Covid-19 And The Defenestration Of The Central Bankers

Stockman Warns “The Jig Is Up!” – Covid-19 And The Defenestration Of The Central Bankers

Authored by David Stockman via Contra Corner blog,

Let it be said that historians will surely marvel – and at some point soon – about the grand delusion of the present era. Namely, the near universal belief that central bankers could print, peg and palaver the main street economy into unfailing expansion and ever rising prosperity and that there were essentially no macro-risks to soaring stock prices that their toolkits couldn’t contain and counteract.