Stockman Fears Washington’s Fiscal Folly Will Spark A “Yield Shock Of Biblical Proportions”
Authored by David Stockman via Contra Corner blog, That didn’t take long. The $20 trillion national debt marker was crossed on September 8th, but it only took another 186 days to vault over the $21 trillion level last Thursday. Then again, you haven’t seen nothin’ yet. The annual deficit will approach $1.2 trillion in the coming fiscal year; breach the $2.0 trillion market by … Read more