David Stockman

The Fed’s Swell New Mission: Making Corporate Debt Zombies Great Again, Part 1

It doesn’t get more ridiculous than the Fed’s secondary market corporate credit facility (SMCCF). The facility is managed by BlackRock and “equitized” (viz. partly funded ) by the US Treasury, and could spend up to $250 billion buying existing corporate bonds with fiat credits snatched from thin digital air.

Orange Man Bad

As the Impeachment Farce neared its pathetic denouement, an optimist might have expected that the virulent Trump Derangement Syndrome infecting the MSM, the Dems and the Washington ruling class would finally die out.

Covid-19 Update: Burn-Out, Not Breakout

As the Impeachment Farce neared its pathetic denouement, an optimist might have expected that the virulent Trump Derangement Syndrome infecting the MSM, the Dems and the Washington ruling class would finally die out.

Not A Second Wave—No Way, No How

We will say it again: The mainstream media is lazy, context-free, meme-addicted and more often than not, stupid.

Coronavirus Savings Glut My Eye!

The Donald’s attacks on the mainstream press may be crude and rude and frequently off the mark, but on the essence of the matter he is correct.

Aided By “Our Helicopter Parents At The Fed”

Economic opportunity and prosperity are being systematically euthanized by the central banking agents of the state. And that constitutes an attack on all citizens, but most especially the economically vulnerable and those marginalized by already failing urban economies. Moreover, that baleful state of affairs is not owing to some kind of postulated disease of the …

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Virus Patrol Friday

Hey, Wall Street, there goes your fanciful “V”.