Historical Archives

The beginning of the end for the dollar’s dominance can probably be traced back to 2001, with the terrorist attacks on September 11th. After that the US began to impose hefty fines on banks overseas for money-laundering and sanctions avoidance. Since then, Trump has taken financial warfare to a new level, using sanctions against Iran, […]

The U.S. extradition proceedings against Chinese business executive Meng Wanzhou only goes to show the utter perversity of the U.S. government’s policy of imposing economic sanctions on foreign regimes and, in a larger context, the perversity of the entire U.S. foreign policy of interventionism and meddling in the affairs of other nations.      

Since 2009 China has withdrawn 12,000 tonnes of gold from the rest of the world, where the short and medium-term gold price is set. For reasons I will explain, a tighter market outside of China can make the price of gold price rise faster than many expect.         https://www.zerohedge.com/s3/files/inline-images/Estimated%20Total%20Chinese%20Gold%20Reserves_1.jpg?itok=3PNNkd_I The

The Committee for a Responsible Federal Budget estimated this week that President Trump has now signed legislation that will add a total of $4.7 trillion to the national debt between 2017 and 2029. Tax cuts and spending increases account for similar portions of the projected increase, though if the individual tax cuts in the 2017

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

Simon Property Group said during its most recent earnings call that retail bankruptcies “negatively impacted” net operating income in the quarter. It also lowered its 2019 guidance to a range of $6.76 to $6.81 from $7.04 to $7.14 due to a one time cost associated with an early debt repayment. Taubman Centers, owner of The Mall

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

What, then, can one learn from The Washington Post’s recent release of the Afghanistan Papers? Perhaps this: Forever war is a bipartisan enterprise (the lies spanned three administrations) and more importantly, the time has come to stop trusting the generals—although I’m not sure we Americans ever will. The latest revelations most certainly count as the

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

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