Historical Archives

Nevertheless, as Bayer-Monsanto shows, that takeovers can turn sour, even if they are credit-financed. One reason could be that since the late 1980s central banks have undermined the disciplinary role of debt by pushing interest rates to ever lower levels. With interest rates near zero and not being expected to rise, managers without internal funds […]

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

On an accumulated basis, according to China’s National Bureau of Statistics, FAI via state-owned firms rose 6.7% year-over-year January through March. That’s the highest accumulated growth rate since January-February 2018. It’s also noticeably greater than the middle of last year when government-directed FAI had pretty much stopped increasing. https://davidstockmanscontracorner.com/?p=306553&preview_id=306553&preview_nonce=e701df9fd9&preview=true

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

So unlike 1999, when it was Nasdaq prices that set Edwards off, this time it was the yield on the Greek 5Y government bond that inspired shock in the SocGen strategist, to wit: “I certainly think the decline in the 5y Greek government bond yield to 2.28%, below that of the US, counts as such

The mythical NATO is an organization that keeps the peace in the world, but, in reality, it has always been an aggressive military force to protect western capitalism and provide cover for illegal interventions. When the US is unable to get the United Nations Security Council to approve military action, NATO provides a multi-national approach

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

Your Administration’s policies regarding Venezuela appear to be on a slippery slope that could take us toward war in Venezuela and military confrontation with Russia. As former intelligence officers and other national security practitioners with many decades of experience, we urge you not to let yourself be egged on into taking potentially catastrophic military action

Nevertheless, it is not the proper role of the United States to interfere in the internal affairs of either country. Even the imposition of economic sanctions would be inappropriate, much less launching a military intervention. At the same time, opponents of U.S. meddling should stop whitewashing the odious record of the Venezuelan and Nicaraguan leftist regimes. There