Stockman’s Corner

Cyclical Old Age Does Not Become Her: The Case Of The Auto Debtberg

Here is the broadest picture of the American consumer and it sure looks like there’s more dropping than shopping going on. So if personal consumption spending (PCE) is the great 70% engine that’s supposed to keep the GDP growing, then the August PCE report might beg to differ: Real spending grew a mere 2.27% over prior year.

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The Elizabeth Warren Express And the Nightmarish Political Legacy Of Keynesian Central Banking, Part 1

The Elizabeth Warren Express continues to gather momentum. Last week’s lunatic outbreak of UkraineGate is turning out to be a double whammy wherein the congressional Dems bloody the Donald—even as his Twitter account and GOP attacks dogs deliver the coup d’grace to the already tattered remains of Joe Biden’s 2020 candidacy.

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Q2 Flow-Of-Funds: The Financial Bubble Inflation Keeps On Inflating

Considering recent “repo” market tumult, let’s take a deeper-than-usual dive into the Z.1 category, “Federal Funds and Securities Repurchase Agreements” (aka “repo”). “Repo” Liabilities jumped $239 billion (nominal) during the quarter, or 24% annualized. This pushed growth over the past three quarters to $710 billion, or 27% annualized. This was the largest nine-month growth since

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Shhh! Don’t Tell Wall Street—Biden’s Under The Bus And Elizabeth Warren Is Now On The Oval Office Express

The Wall Street algos, day-traders and perma-bulls surely have a death wish. The were essentially told in only thinly veiled terms during the last 24 hours that Senator Elizabeth Warren is going to be the Dem nominee, and maybe even the next president.

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The Coming Financial Panic and the 2020 Election, Part 2

International Man: We seem to be near the top of the “everything bubble.” Almost nothing is cheap… anywhere. What are your thoughts on where people should put their money for prudence and for profit? David Stockman: I would recommend recognizing that the “everything bubble” is the most extreme, exaggerated, severe financial bubble in world history.

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