Stockman’s Corner

Larry Kudlow told a whopper the other day — claiming that the exploding Federal deficit is actually “coming down rapidly”. That’s supposedly owing to the Trumpite/GOP tax cut and the tsunami of economic growth and Federal revenues it will generate: The economy under President Donald Trump, Kudlow said on June 29, “is throwing out enormous […]

The major—perhaps only—redeeming virtue of the Donald’s ersatz campaign platform was his clear intent to seek a rapprochement with Russia, revamp America’s commitments to NATO and other cold war relics and to discard “Regime Change” as the core tenant of foreign policy. In essence, “America First” was to become the new route to domestic security and safety. Those eminently sensible notions struck the Deep State’s raison d’etre to

You can talk always talk about today’s politicians fiddling while Rome burns, and never be far from the truth. That’s because the US is heading for an unprecedented fiscal calamity, which CBO’s latest long-range fiscal outlook proves beyond a shadow of doubt. Based on current law and a still overly optimistic economic forecast, the mother of all

If Donald Trump and Governor Scott Walker are the new face of the Republican party, we might as well throw in the towel on fiscal solvency and be done with it. These geniuses are out crowing loudly today about how they spent $307,000 of taxpayer money per job to bring Foxconn to Wisconsin. That is,

The algos were raging again this morning because the Trump White House allegedly unmixed its message regarding its latest brainstorm for still another Wall — this time a draconian plan to stop US technology investments by Chinese companies (and other “furiners,” too). In fact, the only thing that was changed by these latest clarifications is the statutory authority: Rather than activating an obscure 1977 law, the Trump

There is no other way to say it: The Wall Street gamblers are apparently too stupid to get out of the rain, while the Donald’s die-hard supporters utterly fail to see the obvious fact that he’s filling the Swamp, not draining it. As to the former, they are out again today buying the dip on the apparent theory

Needless to say, the American economy is sinking into its sunset years because it is being crushed by the State. As we have been saying all along, this baleful condition stems from the fiscal calamity of the Warfare State/Welfare State juggernaut; and also the central banking branch of the State, the Fed, whose Bubble Finance policies are systematically crushing workers,

In yesterday’s post we mentioned the Donald’s quadruple whammy of wrong-headed ideas, and it’s hard to deny that two of them — an unreformed Fed and the exploding Trumpite/GOP fiscal deficits at the tail end of the current long-in-the-tooth business expansion — are heading for a thundering collision. Taken together they already mean $1.8 trillion of homeless

The Donald was at it again last night in Minneapolis, boasting about an economy that is not in the least MAGA and for which he has done exactly nothing to help in a sustainable way. In fact, he inherited a god awful mess and since taking office has not faltered on his Great Disrupter mission in

During the last few days, the Donald has gone stark raving mad on the trade front. Yet the bozos on Wall Street are already sounding the “all clear”, claiming this is some kind of brilliant Trumpian 3D chess maneuver or that it’s just a skirmish and it will all soon blow over. Indeed, the over night rally in equity futures was