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David Stockman on The Ukrainian Border War Folly
David Stockman on The Ukrainian Border War Folly Someone should tell the European ruling elites to take a long jump off a short pier. Their endless whining about the Ruuskies and Putin is just plain pathetic because— It’s not justified—Russia bears no hallmarks of an expansionist imperial power. The Russia-Ukraine conflict is none of western […]
David Stockman on the Continual Rise in the Cost of Living… And Why the Fed has No Shame
David Stockman on the Continual Rise in the Cost of Living… And Why the Fed has No Shame Subscribe to International Man Jay Powell did it again assuring the 1% that he has their back. Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent […]
David Stockman on Why Washington DC is the War Capital Of The World
David Stockman on Why Washington DC is the War Capital Of The World Ultimately, there is no mystery as to why the Forever Wars go on endlessly. Or why at a time when Uncle Sam is hemorrhaging red ink a large bipartisan majority saw fit to authorize $95 billion of foreign aid boondoggles that do […]
David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies
David Stockman on Why There is No Noticeable Benefit from the Fed’s Policies Here is the only noticeable “benefit” from the Fed’s pro-inflation policies since Greenspan’s arrival at the Eccles Building. To wit, these policies have pleasured the tippy top of the economic ladder with massive wealth gains owing to the relentless inflation of financial […]
David Stockman on the $1.3 Trillion Elephant In The Room
David Stockman on the $1.3 Trillion Elephant In The Room These people have to be stopped! We are talking about the nation’s unhinged monetary politburo domiciled in the Eccles Building, of course. It is bad enough that their relentless inflation of financial assets has showered the 1% with untold trillions of windfall gains, but their […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
David Stockman on Washington’s Fiscal Doomsday Machine
David Stockman on Washington’s Fiscal Doomsday Machine Here’s one that will make your hair stand on end: The US Treasury closed the books on FY 2023, bringing the four-year cumulative deficit to $9.0 trillion! That’s right. During the last 1,461 days (FY 2020 thru FY 2023), Uncle Sam has generated $6.2 billion of red ink each and every […]
Perpetual Debt, Perpetual War
Perpetual Debt, Perpetual War It’s always useful to visit the museum in order to offset the recency bias that distorts perceptions of current realities. In the great scheme of things, the picture below is admittedly not that ancient – from just 42 years ago. But it is nevertheless a museum piece because it pertains to […]
David Stockman on Inflationary Hell That’s About to Break Loose
David Stockman on Inflationary Hell That’s About to Break Loose It is only a matter of time before Kiev surrenders to the Russians, with or without their clown-car president signing the armistice. But that deal will be so onerous from Washington’s perspective that it will not mark the end of the sanctions war, but will […]
David Stockman on the Coming Stock Market Crash of Biblical Proportions
David Stockman on the Coming Stock Market Crash of Biblical Proportions International Man: Whether we like it or not, the reality is, the Federal Reserve has an enormous influence over the dollar and the stock market. And right now, the Fed has an urgent and fateful decision to make. It can keep printing trillions of dollars, […]
Stockman: “We’re Not Useful Idiots!”
Stockman: “We’re Not Useful Idiots!” Honest injun. We’re not useful idiots here at Contra Corner! We do think, however, that the entire Ukrainian crisis is a Washington-confected con job. And we came to that conclusion without relying on a single scrap of information peddled by Russki propagandists appearing on Strategic Culture Foundation or Zero Hedge. Actually, […]
Reset Means Crash of Epic Proportions – David Stockman (Revised)
Reset Means Crash of Epic Proportions – David Stockman (Revised) Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets . . . . A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we […]
Stop the Real Steal!
Stop the Real Steal! It’s axiomatic that when you suddenly change the election rules and modus operandi, causing 65 million mail-in ballots (out of 159 million total) to flood unprepared local elections systems, you will get beaucoup irregularities, mistakes and fraud. To that extent, the impending Trumpite challenge when the Congress meets on Wednesday to […]
David Stockman on Fiscal Disaster, Social Unrest, and the Presidential Election
David Stockman on Fiscal Disaster, Social Unrest, and the Presidential Election International Man: Recently, massive riots have broken out in many cities across the US. Despite the unrest—and the economic damage from the shutdowns—the stock market continues to rally. It seems that markets don’t reflect earnings, economic prosperity, or growth. What is going on here? […]
