The Fed holds interest rates to be its primary control valve, with lower ones providing a stimulus to the GDP and higher ones a brake. Self-evidently, therefore, interest rates below the inflation level are a stimulus because they amount to …
by David Stockman from ContraCorner: The messages are coming in loud and clear today—from the crashing pound, to repudiation of establishment governments in Italy, Sweden and more to come, to Hungarian Prime Minister Orban’s call to end the Sanctions War …
by David Stockman on Contra Corner: We don’t really care if June marked the inflation peak or not. Yesterday’s revelation that wholesale (PPI) commodity prices rose by 23.4% on a Y/Y basis in June is the far more important data point. …
Via International Man by David Stockman Here is the combined balance sheet for the four most important central banks in the world: the Fed, the European Central Bank (ECB), the Bank of Japan (BOJ) and the People’s Bank of China …
by David Stockman 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 …
Via International Man If you didn’t think the $70 trillion global bond market was a train-wreck waiting to happen, surely last week’s yield surge was a wake up call. From the 2.15% close one week earlier, the 10-year yield soared …
Via International Man 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. …
Guest Post by David Stockman Washington’s hypocritical and tendentious accusations against Russia’s reabsorption of Crimea imply that the dead hand of the Soviet presidium must be defended at all costs — as if the security of North Dakota depended upon …
Via International Man The fundamental consequence of 30 years of Fed fueled financial asset inflation is that the prices of stocks and bonds have way overshot the mark. That’s why what lies ahead is a long stretch of losses and …
Via International Man The massive leveraging of US nonfinancial businesses over the last several decades is utterly incompatible with the stock market cap rising from 62% to 204% of GDP. The US business economy is now carrying 13X more leverage …
Via International Man The toxic effects of the Fed’s relentless interest rate repression are many, but among the worst has been the absolute savaging of bank depositors. Interest rates on 12-month CDs (under $100,000) dropped below the inflation rate in …
Via International Man The pre-1971 history proves beyond a shadow of doubt that you don’t need a fixed rate of inflation to enable economic growth, as today’s central bankers and their Wall Street acolytes endlessly insist. And it also reminds …
https://www.youtube.com/watch?v=j2z4R55MA3k Jerome Powell, the Chair of the Federal Reserve, is “lying to the American public.” Either that or he’s an “incompetent boob,” Ronald Reagan’s former Budget Director, David Stockman, tells Rick Sanchez.
Join Greg Hunter as he goes One-on-One with best-selling author and financial expert David Stockman 7.21.21. (There is much more in the 45 minute interview) https://rumble.com/vk59us-reset-means-crash-of-epic-proportions-david-stockman-7.21.21.html
by David Stockman Socialist central planning has been elevated to a new art form based on control of the economy from the commanding heights of finance. Central banks were once in the money business, in the sense of securing its availability, …
RT, Released on 4/1/21 David Stockman, former budget director to President Ronald Reagan, joins Rick Sanchez to discuss President Biden’s ambitious and costly infrastructure plan. Republican leaders have vowed to oppose it as Biden pleads for bipartisan support. He deems …
CNBC, Released on 3/12/19 “There’s no Trump boom; we’re near the end of this cycle.” David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became …
by John Rubino Alasdair Macleod: Is a return to the gold standard possible? … Twitter execs debate censorship bias … Max Keiser: All fiat currency should be burned … David Stockman: The undrainable swamp & the inevitable recession … Wolf …
by Adam Taggart Love it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepend instead of drained, while the economy falls into one …
Fox Business, Released on 4/25/18 David Stockman appears on “Mornings with Maria” (Fox Business, March 4, 2019) David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, …
David Stockman on Real Vision (Feb. 25, 2019)
by John Rubino David Stockman: Central banks have created a “fiscal doomsday machine” … McAlvany on “the central bank gold rush” … Rick Rule: Palladium has “tremendous sp;
Reagan White House Budget Director and best-selling author David Stockman says, “Yields are going to go up, and we are going to have a day of reckoning in terms of this whole massive artificial structure of debt that’s been created. …
David Stockman’s just one of those guys who has so much insight into financial markets and how they work. Robert also has been calling bullshit for years. They should do a podcast series on each topic, that would be a …
Authored by David Stockman via The Economic Policy Journal, Earlier this year the Donald provoked a bleep-hole moment per the Fox “family channel” or what was otherwise known as the shit-hole moment across the rest of the MSM. But whatever …
via @stephlandsman David Stockman warns a 40 percent stock market plunge is closing in on Wall Street. Stockman, who served as President Reagan’s Office of Management and Budget director, has long warned of a deep downturn that would shake Wall Street’s …
Is this a bad dream? Double Top Spotted in Financials? $XLF pic.twitter.com/lzfyHoPMTc — Alastair (@StockBoardAsset) October 12, 2018 .@DA_Stockman on recent markets swings: "I think it's a wake-up call. It's telling us the fantasy is ending. We're going to have …
by John Rubino Chris Hedges on “America’s farewell tour” … David Stockman: “We are entering the Fall “perfect storm” season for the stock market and domestic politics … Dave Kranzler: “This is the most bullish gold set up in history” …
David Stockman appears on “Futures Now” (CNBC, Aug. 16, 2018)
by Adam Taggart David Stockman warns that the global economy has reached an “epochal pivot”, a moment when the false prosperity created from $trillions in printed money by the world’s central banks lurches violently into reverse. There are few people …