A Full Trunk of Combustible Junk - The Wages of ZIRP
By David Stockman
PostedDecember 16, 2015
Even as ZIRP and QE have failed to rejuvenate the main street economy, they did trigger a far-reaching scramble for yield that has now left the casino bobby-trapped with FEDS (financially explosive devices). The current rumblings in the junkyard are just the warning signs of the explosions sure to follow. David Stockman reports…