Stockman’s Corner

Economic opportunity and prosperity are being systematically euthanized by the central banking agents of the state. And that constitutes an attack on all citizens, but most especially the economically vulnerable and those marginalized by already failing urban economies. Moreover, that baleful state of affairs is not owing to some kind of postulated disease of the […]

Hey, Wall Street, there goes your fanciful “V”.

We think the chart below is an eye-opener, and not merely because it shows the relentless rise of Federal spending. More to the point, not only were $3.896 trillion of annual outlays posted in 2014 the product of 225 years of trying by Uncle Sam, but it now appears quite certain that the annual deficit

You could call it the “V” that keeps on vanishing and be done with it. Single family starts of 675,000 reported for May this AM where up from, well, 674,000 units in April.

To understand why today’s 17.7% retail sales gain for May wasn’t all that gangbusters, the starting point—as always—is context. And in that regard, there is nothing like the chart below in the annals of historical personal income data.

The main trouble in America is not overt racism or even simmering racial animosity. The real evil is the relentless aggrandizement of state power, which among its many ills is the rise of the Nanny State—a conflation of too many laws, crimes, cops, arrests and thereby opportunities for frictions between the state and its citizenry

Welcome to the insane Powell Bubble and the world of IBOs.

We have never heard more gibberish, double talk and lies from one podium than issued from Chairman Powell at yesterday’s presser.

Dr. Fauci and the Scarf Lady are not the only Virus Patrol miscreants spreading the Covid Hysteria and thereby empowering the authorities to keep suffocating everyday economic life and personal liberty in America.

The Fed’s actions during the last 85 days rank among the most destructive acts of state in modern times. Every member of the FOMC should be in the criminal docket right there with Derek Chauvin.