Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
Swan Song Of The Central Bankers, Part 2: Yellen’s “My Girl”…
If you wonder why things are going to get a lot worse before they get better—just consider the following tidbit from today’s political gleanings. It essentially cements the case that Washington is heading straight into a bond market conflagration that will wreak havoc on the Wall Street end of the Acela Corridor. It seems that […]
The Trump Reflation Fantasy Ends on Day 100 by David Stockman…
In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course. The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s […]
Stockman: “After March 15 Everything Will Grind To A Halt”…
“I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be […]
The Biggest Washington Whopper Yet…
You can’t find lazier people than in the mainstream financial press, but their exuberant cheerleading about the purported 5.2% gain in the real median household income in 2015 surely was a new high in mendacity…
Busting the Banksters: The Case for Super Glass-Steagall–Part 1/2…
The mainstream narrative about “recovery” from the financial crisis is a giant con job. And nowhere does the mendacity run deeper than in the “banks are fixed” meme…
Busting The Banksters—-The Case For Super Glass-Steagall, Part 2/2…
German Foreign Minister Steinmeier’s Plea–Stop Imperial Washington’s New Cold War…
Frank-Walter Steinmeier’s cry of distress is that of a man watching a tidal wave of destruction gathering force, similar to ones that have engulfed his country twice in the 20th Century…
The Case for a Super Glass-Steagall…
Rattle Me This—–So What If The G-7 Fools Are Uncomfortable?…
It seems that Obama can’t stop taking bows for the awesome recovery he claims to have presided over and the 14 million new jobs he claims…