David Stockman

Orange Man Gone: MAGA We Never Knew Ya, Part 2

Bitter-enders like Sean Hannity have taken to recounting the Orange Man’s lost glory,  Among these are the Greatest Economy Ever, National Energy Independence and the purported remarkable success of Operation Warp Speed in swiftly producing a vaccine against the “Wuhan Virus”.

Orange Man Gone, Part 1

The everlasting irony of Donald J. Trump’s presidency is this: He had all the right enemies, but virtually without exception made all the wrong decisions during his hapless four-year sojourn in the Oval Office.

Memo To Robin Hooders: Check Out What Happened After March 24, 2000

There is a dangerous pathogen at loose in America, and Covid-19 can’t really hold a candle to it. We are referring to the most maniacal outburst of stock market speculation to ever come down the pike, culminating in today’s riotous 2% upward rip of the NASDAQ from its already lunatic level in the nose-bleed section …

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Free Lunches For One And All, Part 1

In light of Sleepy Joe’s swell new $1.9 trillion package of more free stuff, it’s time to get out our magnifying glasses again. The purpose is to compute the size of the hole in America’s collective paycheck that purportedly requires such continued, extraordinary beneficence from our not so rich Uncle Sam.

Weekend Of The Long Knives: The Fed-Enabled Brats Of Silicon Valley, Part 4

To repeat: The Big Tech Five have become a clear and present threat to free expression and democratic governance not because they are monopolies; rather, it’s because they are so vastly over-valued by the Fed-enabled casino on Wall Street that their managers and executives have been unshackled from the job of profit maximization to indulge …

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Weekend Of The Long Knives: A Fed-Enabled Malefactor Named Apple, Part 3

The striking red line in the chart below is the ultimate manifestation of our boiling frogs metaphor. It is flat as a board and depicts the net income of the Almighty Apple Inc since September 2012. The embedded annualized growth rates  (CAGRs) compute to, well, snoozers: