We posted this last Fall when it originally aired, but the video is even better now. Stockman calls it dead on.
We won’t resolve anything until bond yields move up. As long as lawmakers think they can borrow for nothing, that debt has no cost, they will continue to kick the can of reckoning down the road.
He explains that we will see a long stretch where this country lurches from one “crisis” to the next, never resolving anything but creating overall uncertainty on a general decline down.
How right he was. Everyone in Washington is already posturing for the next showdown in March.