Stockman’s Corner

“Beyond Vietnam”: Martin Luther King’s Great Antiwar Oration At New York Riverside Church, April 1967

……So they go, primarily women and children and the aged. They watch as we poison their water, as we kill a million acres of their crops. They must weep as the bulldozers roar through their areas preparing to destroy the precious trees. They wander into the hospitals with at least twenty casualties from American firepower …

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The Donald’s Gosplan For Trade—A Mercantilist Abomination By Another Other Name, Part 2

As we indicated in Part 1, the Donald’s $200 billion trade plan was not fashioned by serious people who understand the blooming, buzzing, churning, throbbing matrix which is the $85 trillion global economy, the $20 trillion of two-way trade worldwide, or the $4.6 trillion of China’s two-way trade (exports plus imports) or even America’s $4.3 …

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The Trumpified GOP—Fiscal Miscreants Like Never Before

The Big Spenders running for the Dem nomination have been talking up a storm about expanded social programs, new green initiatives, free stuff for college kids and other deserving folks, and a bigger and better Welfare State generally. So its not surprising that the GOP spinmeisters have reverted to their tried and true talking points, …

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Melt-Up Madness

When the fools in the Eccles Building pumped $440 billion of newly minted credit into the bond pits over the last 90 days, it was inevitable that the final blow-off phase of the third great stock market bubble of this century would incept. And so it has—perhaps symbolized by Tesla’s absurd crossing of the $500 …

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Fund-Durr-Mentals!!

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The Donald Didn’t Cure Cancer And Hasn’t Made MAGA

The December jobs report on Friday brought another 3.5% unemployment rate and a lot more crowing from the Donald: “As we begin the new year our economy is booming,” Trump told supporters in Toledo, Ohio. “Wages are soaring, workers are thriving and America’s future has never, ever looked brighter.” Of course, the Donald’s unabashed boasting …

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The Blow-Off Top Of March 27, 2000—Why This Time Is Not Different

It must be a decade thing. Exactly two decades ago, Alan Greenspan and his merry band of money printers got their panties all bunched-up about the alleged Y2K threat, and threw on the overdrive switch at the Fed’s printing presses.

No, Donald, It’s Not The Greatest Economy Ever And You Most Definitely Did Not Win WW III

Just like that! The Iranians did a 22-missile fire drill announced in advance so as not to cause injuries, the Donald quickly declared the “all clear” and in a virtual heartbeat the robo-traders were off to the races. Needless to say, it is not often that on the purported eve of WW III, you get …

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The Donald’s Assassination Of General Soleimani—As Stupid As It Gets

During more than a half-century of Washington watching we have seen stupidity rise from one height to yet another. But nothing—just plain nothing—compares to the the blithering stupidity of the Donald’s Iran “policy”, culminating in the mindless assassination of its top military leader and hero of the so-called Islamic Revolution, Major General Qassem Soleimani.