Includes “… It is too early to tell, of course, as to whether the Covid-19 is the Big Bang or if it will be soon wrestled to ground by public health authorities around the planet … But even assuming the latter, the predicate of central bank omnipotence should now be swept into the dustpan of history. Not only can the Fed not repair and revive disrupted supply chains, but it can’t even accomplish the conventional tasks it has defined for itself. …”
Read the full article on: David Stockman’s Contra Corner