Historical Archives

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 »

Hey, Washington, Stay Out Of The South China Sea—It’s None Of Your Damn Business!

On September 30, a US Navy destroyer, the USS Decatur, sailed within 12 miles of the Gaven and Johnson reefs in the South China Sea’s Spratly Islands. Twelve miles being the “territorial waters” limit set by the UN’s 1982 Convention on the Law of the Sea, the Decatur was met and warned off by a …

Hey, Washington, Stay Out Of The South China Sea—It’s None Of Your Damn Business!Read More »

Uncle Sam’s Interest Tab Rising—But You Ain’t Seen Nothin’ Yet!

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 …

Uncle Sam’s Interest Tab Rising—But You Ain’t Seen Nothin’ Yet!Read More »

Peak Earnings: Companies Furiously Guide Earnings Estimates Lower

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 …

Peak Earnings: Companies Furiously Guide Earnings Estimates LowerRead More »

Here’s The Thing—-+0.1% Is Not A Boom

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 …

Here’s The Thing—-+0.1% Is Not A BoomRead More »

Empire Rebuked: Rest Of World Moves To Circumvent Washington’s Iran Sanctions

The EU, Russia, China, and Iran will create a special purpose vehicle (SPV), a “financially independent sovereign channel,” to bypass US sanctions against Tehran and breathe life into the Joint Comprehensive Plan of Action (JCPOA), which is in jeopardy. “Mindful of the urgency and the need for tangible results, the participants welcomed practical proposals to maintain and develop …

Empire Rebuked: Rest Of World Moves To Circumvent Washington’s Iran SanctionsRead More »

Good Thing Profitless Tesla Has A Unique Product Offering!

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 …

Good Thing Profitless Tesla Has A Unique Product Offering!Read More »

ECB’s Still Fibbing, Still Failing

For economic growth (real GDP), the numbers are already starting to come down. For the second time in a row, the macro figures for 2018 have been reduced. Back in March, the ECB staff were seeing 2.4% in growth for this year, picking up on last year’s supposedly strong finish. They always extrapolate in straight …

ECB’s Still Fibbing, Still FailingRead More »

September 16 NYC Summit—-Peak Debt And Financial Crisis 2.0

I’ve recently issued a warning about how extremely leveraged the US economy has become (its debt-to-GDP ratio has risen from 1.5x in 1970 to 3.5x today). Here are my thoughts on why that’s so concerning: [embedded content] And we’re woefully unprepared the new era of higher interest rates we’re hurdling into. We have the exact …

September 16 NYC Summit—-Peak Debt And Financial Crisis 2.0Read More »

Atlas Mugged—Elizabeth Warren’s Idiotic Plan To Nationalize Corporations

Enter Senator Elizabeth Warren and her proposed Accountable Capitalism Act . It is straight out of Atlas Shrugged. She proposes to regulate corporations with gross revenues of $1 billion or more, requiring them to obtain a federal corporate charter as a “United States corporation”. They would be regulated by a bureaucracy under the Office of …

Atlas Mugged—Elizabeth Warren’s Idiotic Plan To Nationalize CorporationsRead More »