Impossible To Inject More Credit – The Jig Is Up

Most big bank analysts, CEOs and government officials laugh at any notion that we are at a risk of recession. For instance…….

• Global recession is NOT in the forecast: J.P. Morgan

At the same time, I can argue that we are already in a full blown recession. Covered up by remaining liquidity sloshing thought our financial system. But I will let David Stockman tell you what the real picture is. I agree with his view and analysis 100%. It is definitely worth 5 minutes of your time.