Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

January 3, 2015

The Godot Economy



     As Wikipedia sort of puts it, Beckett's "Waiting for Godot is an absurdist play ... in which ... characters wait endlessly and in vain for the arrival of someone named Godot".

     And so, when David Stockman posits that we have "a world economy driven by money printing central bankers ... a giant credit bubble that is ... fracturing ... but now, surely, comes their downfall", that last thing having been anticipated by pretty much everyone on the planet for years now, one can't help wondering how we all got caught up in this sordid neo-absurdist economics drama.

     His latest piece, located at the link below, adds Wall Street into the mix in an entertaining, if fanciful, way, along with a heaping spoonful of emerging market ramifications;  Reagan jocks will want to stay in the loop, and it wouldn't hurt the rest of you to wait endlessly and in vain a little too:

http://seekingalpha.com/article/2793875-wall-street-heathens-how-their-greed-and-gambling-became-the-axe-of-statist-policy?ifp=0