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Stockman: How The Fed Enabled Corporate Kingpins To Scalp Billions

Daily Reckoning, Released on 8/3/17 Here’s a comparison that is surely vertigo inducing. On the one hand, the financial system is implicitly held to be so incredibly stable and healthy…

David Stockman: Amazon is the New Tech Crash

Daily Reckoning, Released on 8/1/17 It won’t be long now. During the last 31 months the stock market mania has rapidly narrowed to just a handful of shooting stars. Continue……

David Stockman: The “Chuck Prince Market” Redux — Only More Dangerous

Daily Reckoning, Released on 7/21/17 On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance.…

Stockman: The Imperial City’s Fiscal Waterloo

Daily Reckoning, Released on 7/19/17 It’s all over now except the shouting about Obamacare repeal and replace, but that’s not the half of it. The stand by Senators Lee and…

David Stockman: Donald Trump’s Very Own Big, Fat, Ugly Bubble

Daily Reckoning, Released on 7/11/17 The overwhelming source of what ails America economically is found in the Eccles Building. During the past three decades the Federal Reserve has fostered destructive…

Stockman: Why Imperial Washington Should Cool It On North Korea

Ron Paul Institute, Released on 7/8/17 The threat of nuclear war has again sharply escalated owing to North Korea’s apparent successful test of an intercontinental ballistic missile (ICBM), albeit one…

David Stockman: Peak Bull – Fake Markets, Fake Money

Daily Reckoning, Released on 7/7/17 Washington is not governing. What was expected after the election by Wall Street was a rebirth of growth through pro-business policies, a giant stimulus from…

David Stockman: The Coming Carmageddon

Ben Bernanke’s successors at the Fed and other global central banks still don’t get it. Falsified debt prices do not promote macroeconomic stability. They lead to Continue……