$8.53 Trillion And Counting—How The Fed Butchered The Stock Market
The number of the day at the cross-roads of Sesame & Wall streets is $8.53 trillion. It represents the cumulative “negative issuance” of equity shares on Wall Street since 1996,…
Written byDavid StockmanSource: David Stockman's Contra Corner
The number of the day at the cross-roads of Sesame & Wall streets is $8.53 trillion. It represents the cumulative “negative issuance” of equity shares on Wall Street since 1996, and thereby represents a financial world made upside-down by Washington and especially its central banking branch. For crying out loud. The fundamental function of the […]
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