David Stockman

Advice For RussiaGaters: You Best Slither Quietly Into The Night—It Really Was A Hoax!

So that’s it then. An obscene amount of noise and focus, a few indictments and process crime convictions which have nothing to do with Russian collusion, and this three-ring circus of propaganda and delusion is ready to call it a day.     https://consortiumnews.com/2018/10/20/report-says-russia-gaters-should-go-quietly-in-the-night/  

Savings—Not Tariffs Will Make America Great Again

Instead of trying to strong-arm trading partners into better “deals,” the Trump Administration should be creating an environment for the re-industrialization of the American economy. The first step in such a policy must start with savings which is the key to economic growth. Before production takes place, savings must be accumulated. The creation of goods …

Savings—Not Tariffs Will Make America Great AgainRead More »

Putin’s Valdai Speech Exposes Insanity Of Washington Neocons

All of this highlights the major theme that came out of Putin’s comments.Strength through resolve.  Resolve comes as a consequence of defending culture. Putin wasn’t boasting or grandstanding about Russia’s hypersonic weapons capability.  He told everyone they are deployed.  He did this to shut up the U.S. neoconservative chattering class who he rightly says whisper …

Putin’s Valdai Speech Exposes Insanity Of Washington NeoconsRead More »

The Damnable Cult Of The Stock Market And The Istanbul Bonesaw Massacre

During an appearance on Fox Business yesterday we were asked about the Khashoggi affair and whether any intemperate response by Washington might inconvenience the party kids’ reviling on Wall Street. Perhaps we were having a bad hair day, but the question did trigger a fairly intemperate response on our part. For crying out loud, Mohammed Bin Salman (MBS) is hands down …

The Damnable Cult Of The Stock Market And The Istanbul Bonesaw MassacreRead More »

7th Straight Y/Y Decline—But Probably Nothing Because Rising Mortgage Rates Are All Priced-In!

David Stockman’s Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s …

7th Straight Y/Y Decline—But Probably Nothing Because Rising Mortgage Rates Are All Priced-In!Read More »

Implosion of Stock Market Double-Bubble in China Hits New Lows

The chart of the Shanghai Stock Exchange Composite Index (SSE) shows the 2015-bubble and its implosion, followed by a rise from the January-2016 low, which had been endlessly touted in the US as the next big buying opportunity to lure US investors into the China miracle. Investors who swallowed this hype got crushed again:   …

Implosion of Stock Market Double-Bubble in China Hits New LowsRead More »

It Ain’t So, Alan! Why Greenspanian Central Banking Is The Mortal Enemy of Capitalist Prosperity

We can thank bubblevision and the Maestro himself for a splendid reminder today that Greenspanian central banking is the greatest menace to capitalist prosperity ever invented. This was made abundantly clear by his pronouncement on CNBC regarding the current labor market: “Tightest labor market I’ve ever seen.” – Greenspan on @CNBC As an empirical matter, of course, that’s …

It Ain’t So, Alan! Why Greenspanian Central Banking Is The Mortal Enemy of Capitalist ProsperityRead More »

Why The Botched Saudi Assassination Will Win Erdogan A Kings Ransom

The Turks had the Saudi consulate bugged. Every country in the world tries to plant listening devices into foreign embassies and consulates. It is no surprise then that the Turks know what happened within the consulate and use the evidence to squeeze the Saudis. Erdogan knows how to play the media and does his very …

Why The Botched Saudi Assassination Will Win Erdogan A Kings RansomRead More »

Now We Know Who Is Really The Largest State Sponsor Of Terrorism—-Saudi Barbaria

Saudi Arabia—not Iran—is the biggest state sponsor of terrorism in the world today and Wahhabism remains the source of most radical Islamic extremism. For years Iran has borne the unenviable title of “world’s biggest state sponsor of terrorism.” However, out of the 61 groups that are designated as terrorist organizations by the U.S. State Department, …

Now We Know Who Is Really The Largest State Sponsor Of Terrorism—-Saudi BarbariaRead More »