Stockman’s Corner

The Statist Roots Of The Donald’s Border Wars: Part 2, Debunking Anti-Immigrant Demogoguery

It is almost impossible not to cheer when the Donald goes nose-to-nose with Nancy Pelosi and Chuckles Schumer as per today’s Oval Office smackdown. The Washington Leviathan that now crushes Flyover America is the results of  decades of their misbegotten statist policies and is the reason the Donald was elected against all odds in the first place. …

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The Statist Roots Of The Donald’s Border Wars: Part 1, The Failed War On Drugs

You can’t appreciate the insanity of the Donald’s Border Wars without knowing one cardinal truth. To wit, virtually all of the crime and violence which he endlessly demagogues about is caused by Washington’s benighted War on Drugs. By contrast, immigrants have far lower crime rates than native Americans. Accordingly, un-conflating illegal drugs and illegal immigrants is the sine qua …

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How George H. W. Bush Blew The Peace and Donald Trump Threatens Prosperity

Needless to say, the chart monkeys are struggling to get their footing. The S&P 500 closed 2.6% below its 50-DMA and 2.4% below its 200-DMA, but in an end-of-session stick-save it shinnied its noise a hair (o.3%) above the 50-week MA Maginot Line. That is, the market closed at 2696—eight handles above the last stop in the elevator shaft at 2688. Of course, we have …

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Hey, Mr. Trump! Tear Down That Deep State Wall…..Of Secrecy, Part 2

The explanation for the kind of soft-power aggression embedded in Washington globe-spanning “sanctions” regime, as we detailed in Part 1, is not national security: It’s simply what Imperial Washington does for a living. In the same vein, the billions of taxpayer money being pumped through the foreign policy agencies, NGOs, think tanks, advocacy organizations and sleazy lobbying operations …

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Hey, Mr. Trump! Tear Down That Deep State Wall…..Of Secrecy, Part 1

When the Donald promised to “drain the swamp” during the 2016 election campaign—-it did sound vaguely like an attack on Big Government, and at least a directional desire to shrink the state and let free market capitalism breathe. After 22 months in office, however, the truth is patently obvious: The only Swamp that Donald Trump wants to …

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No MAGA For The Donald: The Problem Is Bad Money, Not Bad Trade Deals, Part 5

Alas, the Donald and President Xi are just hours from their historic confab, but however it turns out it will be a case of no cigar. And that’s especially true if their gaggle of advisors come up with some kind of face-saving, can-kicking shuffle of the showdown to another day. Indeed, we fully expect there will emerge from Saturday’s …

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No MAGA For The Donald: The Problem IS Bad Money, Not Bad Trade Deals, Part 4

Yesterday’s 600 point rip on the Dow proves exactly why the D0nald has no prayer of making MAGA. Namely, because corporate America is being strip-mined by the rogue casino operating in the canyons of Wall Street. That is, speculators and algos totally dominate the price action in the equity markets, and have now become absolutely tyrannical …

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No MAGA For The Donald: The Problem Is Bad Money, Not Bad Trade Deals, Part 3

The Donald is at it again, pretending that he is America’s super-CEO and the Fed is his compliant Wall Street underwriter: “I’m doing deals, and I’m not being accommodated by the Fed,” Trump said. “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell …

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No MAGA For The Donald: The Problem Is Bad Money, Not Bad Trade Deals, Part 2

It is blindingly obvious that Donald Trump can’t make MAGA, and not merely because he’s an impetuous loose cannon—-the Great Disrupter with no semblance of a coherent policy agenda. The real barrier is that the Donald is a statist through and through, yet America’s faltering debt and bubble-ridden economy is a victim of precisely a …

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No MAGA For The Donald: The Problem Is Bad Money, Not Bad Trade Deals, Part 1

This is supposedly make or break week—the inflection point when the Donald performs an ultimate art-of-the-deal stick save during his meeting with Xi Jinping at the G-20, and Wall Street gets back to its god-given right to prosper forever and ever by buying the dip. Folks, it’s not going to happen because America’s egregious $800 billion merchandise trade deficit …

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