David Stockman

The Triple Whammy Doom Loop, Part 3

It goes without saying that in the context of the hurly burly of daily partisan food fights in the political arena and the fictional, shape-shifting Wall Street/Fed narratives about an always awesome economy (not!), the Big Picture frequently gets lost.

The Triple Whammy Doom Loop, Part 2

There is really no more financially explosive combination than what’s embedded in the Triple Whammy. That is, the implicit public health standard is zero tolerance for risk of serious illness or death; the operative fiscal principle amounts to a “not-our-fault” entitlement to society-wide make-wholes of lock-down losses; and the central banking correlate is to protect …

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The Shocking Truth Of The Vaccine Trials—They Are Rigged To “Succeed”

by Jon Rappoport Peter Doshi, associate editor of the medical journal BMJ, and Eric Topol, Scripps Research professor of molecular medicine, have written a devastating NY Times opinion piece about the ongoing COVID vaccine clinical trials. They expose the fatal flaw in the large Pfizer, AstraZeneca, and Moderna trials. September 22, the Times: “These Coronavirus …

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The Triple Whammy Doom Loop, Part 1

There has rarely been a more dangerous perfect storm. We are referring to the fact that the Donald did not have enough focus, common sense and cojones to stop the doctors plot before it had unleashed Lockdown Nation. In turn, the latter opened the flood gates to a $3-4 trillion fiscal bacchanalia, thereby causing the …

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The Hand-To-Mouth Economics Of America’s Debt-Entombed Economy

A feature in today’s Wall Street Journal chronicled the bankruptcy of the storied 1,640 room Palmer House Hilton—a 150-year old landmark in the heart of downtown Chicago.  It was presented as a victim of the Covid, but in fact it is a casualty of the hand-to-mouth, debt-entombed economy fostered by 30 years of Keynesian central …

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Season Of The Dolts

The estimable Gary Kaltbaum braced his readers this AM with a pretty succinct summary of where things stand in the so-called stock market. Noting that “frothy and speculative characteristics are showing up in droves”, he reminded that the Snowflake IPO might well have been the clanging bell they ring at the top—-at least for the …

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RussiaGate, Covid Death Howlers And The Political Weaponization Of The State

You don’t have to ruminate too long to see an ominous pattern in today’s toxic form of political warfare. Namely, the repeated weaponization of agencies of the state, amplified by the servile stenographers of the mainstream media, for the purpose of winning and maintaining political office, power and pelf in American democracy.

Time For A Mercy Killing At The Eccles Building

Yesterday the Fed signaled that interest rates would stay near zero until 2024, but that was apparently not enough. As one money manager sotted with Monetary Cool-Aid bleated,

Perfidy Of The “Conservatives”

If Republicans and so-called conservatives end up with their noses on the glass, hyperventilating about the policy depredations of the potential Kamala Harris/Progressive Left Regency, they have no one to blame but themselves. That’s because they have turned Barry Goldwater’s famous slogan of 1964—a choice, not an echo—into it opposite.