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David Stockman On CNBC: ‘We’re On The Fiscal Titanic”
David Stockman On CNBC: ‘We’re On The Fiscal Titanic” A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday. “We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the […]
When The Advanced Keynesian Disease Afflicts A Nation—–Japan’s Abe Goes Full Fantasy-tard With 3 New ‘Arrows’
When The Advanced Keynesian Disease Afflicts A Nation—–Japan’s Abe Goes Full Fantasy-tard With 3 New ‘Arrows’ Having completed his militarist plans, Japanese Prime Minister Shinzo Abe appears to have gone full fantasy-tard with his latest “plans” for the demographically-dead and debt-destroyed nation. “Creating a strong economy will continue to be my top priority,” Abe said, a goal […]
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End What the Fed really decided Thursday was to ride the zero-bound right smack into the next recession. When that calamity happens not too many months from now, the 28-year experiment in monetary central planning inaugurated by a desperate Alan Greenspan after Black Monday in October 1987 will come to […]
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall
David Stockman Interview On Yahoo——The Fed Painted Itself Into A Corner, Confidence In The Casino Is Headed For A Fall David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers. The former Reagan budget director and author of “The Great Deformation: […]
Financial System Booby Trapped with Debt Bombs-David Stockman
Financial System Booby Trapped with Debt Bombs-David Stockman Former Reagan Administration budget director David Stockman says the biggest crash coming is not going to be in the stock market. Stockman warns, “I think we are headed for a central calamity. The central banks of the world have been on a 20 year campaign to massively […]
Goldman Sachs——-Perpetuator Of The Fed’s Jihad Against Savers
Goldman Sachs——-Perpetuator Of The Fed’s Jihad Against Savers You can’t blame Janet Yellen entirely for the growing prospect that the Fed will take a powder on Wednesday and opt for the 81st straight month of ZIRP. After all, she’s basically a fuddy duddy school marm caught in a 1970s labor economics time warp—–a branch of the […]
After The Great Deformation——The Next Challenge
After The Great Deformation——The Next Challenge David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The […]
Why The Keynesian Chorus Is Cackling Like Chicken Little
Why The Keynesian Chorus Is Cackling Like Chicken Little This is getting way too stupid. The Keynesian Chorus has launched a full blast trilling campaign, emitting a shrill cackle of warnings against a Fed rate hike. Yes, 80 months of pumping free money into the canyons of Wall Street is not enough. Why? Well, this is hard to type with a straight […]
David Stockman Sums It All Up In 3 Minutes
David Stockman Sums It All Up In 3 Minutes Stockman unleashes truthiness hell on Bloomberg TV: “Federal Reserve [actions] will have disastrous long-term consequences… when you deny price-discovery in the market for so long, it is a massive subsidy to speculation… In an era of peak debt, the only thing zero interest rates achieve is create an […]
The Endless Emergency—–Why It’s Always ZIRP Time In The Casino
The Endless Emergency—–Why It’s Always ZIRP Time In The Casino Based on the headline from the latest Jobs Friday report you wouldn’t know that we are still mired in an economic emergency—–one apparently so extreme that it might entail moving to the 81st straight month of zero interest rates at next week’s FOMC meeting. After all, the unemployment rate came in smack-dab on the Fed’s […]
The Central Bankers’ Malodorous War On Savers
The Central Bankers’ Malodorous War On Savers Well, that didn’t take long! After just three days of market turmoil the monetary politburo swung into action. This time they sent out B-Dud to promise still another monetary sweetener. Said the head of the New York Fed, “From my perspective, at this moment, the decision to begin the normalization process […]
Krugman’s Dopey Diatribe Deifying The Public Debt
Krugman’s Dopey Diatribe Deifying The Public Debt Actually, dopey does not even begin to describe Paul Krugman’s latest spot of tommyrot. But least it appear that the good professor is being caricaturized, here are his own words. In a world drowning in government debt what we desperately need, by golly, is more of the same: That is, there’s a reasonable argument to be […]
Can Kickers United—–Why It’s Getting Downright Hazardous Out There
Can Kickers United—–Why It’s Getting Downright Hazardous Out There It’s getting downright hazardous out there, and not just because the robo-machines were slamming the “sell” key today. The real danger comes from the loose assemblage of official institutions which claim to be running the world. They might better be referred to as “can kickers united.” It is now blindly obvious that they have lapsed into […]
The Wall Street Ponzi At Work——The Stock Pumping Swindle Behind Four Retail Zombies
The Wall Street Ponzi At Work——The Stock Pumping Swindle Behind Four Retail Zombies In the nearby column Jim Quinn debunks Wall Street’s latest claim that the American consumer is bounding back. He points out that on an inflation-adjusted basis retail sales are barely higher than they were a year ago, and, for that matter, are still only 4% greater in real terms […]
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World
The Great China Ponzi—-An Economic And Financial Trainwreck Which Will Rattle The World There is an economic and financial trainwreck rumbling through the world economy. Namely, the Great China Ponzi. In all of economic history there has never been anything like it. It is only a matter of time before it ends in a spectacular collapse, leaving the global […]
