Stockman’s Corner

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 […]

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

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

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

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

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

As we indicated in Part 2, the Reagan business cuts were based on the principle of “no ticky, no washy”. That is, if you didn’t add to your productive capacity or process efficiency by purchasing new plant and equipment, there was no tax benefit. None of Reagan’s giant business cut, therefore, went back into the canyons of Wall Street as

…….Although it was peddled as some kind of latter day incarnation of Reaganomics, the Christmas Eve Tax Cut was nothing of the kind. It actually makes a mockery of the still valid supply-side ideas and theory from the 1980s; and there is no better way to demonstrate that than to compare it with the original 1981 Reagan tax cut—-as imperfect as even it was

Part 5: The Root Of Sunni Jihadism—-Washington’s  Erroneous Notion That The Persian Gulf Is An American Lake The terrorist threat that has arisen from the Sunni side of the Islamic divide is largely of Washington’s own making; and it is being nurtured by endless US meddling in the region’s politics and by the bombing and droning campaigns against Washington’s self-created enemies. At the root

When the Berlin Wall fell in November 1989 and the death of the Soviet Union was confirmed two years later as Boris Yeltsin courageously stood down the red army tanks in front of Moscow’s White House, a dark era in human history came to an end. As we have seen, the world had descended into what was in effect an unbroken global war, incepting