The Money Printing Gods Have Failed!

Powell, Trump, Washington & Wall Street Recklessly Courted Disaster…. Their Desperate Money-Pumping, Spending & Gambling Inflated The Mother Of All Financial Bubbles….. Now Crashing Stock Prices Will Shatter America’s 30-Years Of Fake Prosperity….. COVID-19 Was Just The Pin That Shattered The Fantasy Fueled By Soaring Debts, Rampant Asset Inflation & […]

The Fed’s Monetary Politburo Is Finally Catching Some Flack

The Fed’s Monetary Politburo Is Finally Catching Some Flack | David Stockman’s Contra Corner Now that’s more like it. Echoing Donald Trump’s Monday night bull’s-eye regarding the Fed’s thoroughly political essence, Rep. Scott Garrett put more wood to Janet Yellen during yesterday’s hearing: Rep. Scott Garrett, R-N.J., seized Trump’s mantle during Wednesday’s hearing, saying “the Fed […]

Just Plain Pathetic

We are speaking, of course, of the Fed’s decision to punt yet again, and for a reason that is not mysterious at all. To wit, our financial rulers are petrified of a stock market hissy fit, and will go to any length of dissimulation and double-talk to avoid triggering a crash of the […]

Trump’s Economic Plan—-A Dog’s Breakfast Of Some Decent Ideas And A Lot Of Really Bad Fiscal Math

Donald Trump’s speech at the New York Economic Club on Thursday was quite brilliant, powerfully delivered and even laced with the kind of soaring “capitalist prosperity” rhetoric that has not been heard from GOP politicians since Jack Kemp. I was all set to say as much this morning at 7AM on […]

Tuesday Was A Warm-Up—–The Real Brainard Bloodbath Beckons

The robo-machines and reflexive dip-buyers who took Fed governor Lael Brainard’s word for it on Monday got kicked in the teeth pretty hard on Tuesday. But then again, why would even a silicon-based trader take her word for anything? Brainard is absolutely clueless about the manner in which the Fed and other […]

A Homerun For The Donald—-Attack The Fed’s War On Savers, Workers And The Unborn (Taxpayers)

My new book has been published and will be officially released on Tuesday. However, preorders for the e-Book version are now available on Amazon and can be obtained by clicking this link: Trumped! A Nation On The Brink Of Ruin… And How To Bring It Back. The central banks have gone so far […]

Trumped! A Nation On The Brink Of Ruin…..And How To Bring It Back

My new book has been published and will be officially released next Tuesday. However, preorders for the e-Book version are now available on Amazon and can be obtained by clicking this link: Trumped! A Nation On The Brink Of Ruin… And How To Bring It Back As I previously indicated, the book is an exploration of […]

It Won’t Be Long Now—-The End Game Of Central Banking Is Nigh

My new book will be published next Tuesday. Preorders for the e-Book version will be available in this space beginning later this week. As I previously indicated, the book is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have […]

Bubbles In Bond Land — A Central Bank Made Mania

NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America […]

Busting The Banksters—-The Case For Super Glass-Steagall, Part 2

NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America […]

Memo To The Donald——–10 Great Deals To Save America

NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America […]

Donald Trump’s Demagoguery—–The Dangers And Digressions Of It

NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America […]

Donald Trump’s Candidacy—–The Good And The Bad Of It

NOTE TO READERS I am in the throes of finishing a book on the upheaval represented by the Trump candidacy and movement. It is an exploration of how 30 years of Bubble Finance policies at the Fed, feckless interventions abroad and mushrooming Big government and debt at home have brought America […]

This ‘Market’ Discounts Nothing Except Monetary Cocaine

Another one of the Hedge Fund high rollers, Marc Lasry of Avenue Capital, recently confessed on bubblevision that 2200 on the S&P 500 doesn’t make sense to him, either. But his reasoning went right to the crux of the bubble implosion lurking just ahead. According to Lasry, the market may be discounting a “stronger-than-expected” economic […]

Helicopter Money——The Biggest Fed Power Grab Yet

The Cleveland Fed’s Loretta Mester is a clueless apparatchik and Fed lifer, who joined the system in 1985 fresh out of Barnard and Princeton and has imbibed in its Keynesian groupthink and institutional arrogance ever since. So it’s not surprising that she was out flogging—-albeit downunder in Australia—- the next step in the Fed’s rolling coup d etat. […]

Crisis Is Us——-The Inexorable Result Of Modern Central Banking

The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a growing dissipation of real economic resources in misallocations and malinvestment. At length, the world becomes poorer. Why? Because gains in real output and wealth depend upon […]

Here We Go Again——August 2007 Redux

Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by three UK commercial property funds. If this is beginning […]

Humpty-Dumpty—–Teetering On The Eccles Building Wall

The Eccles Building trotted out Vice-Chairman Stanley Fischer this morning. Apparently his task was to explain to any headline reading algos still tracking bubblevision that things are looking up for the US economy again and that Brexit won’t hurt much on the domestic front. As he told his fawning CNBC hostess:  “First of all, the U.S. economy […]

The End Game Of Bubble Finance——Political Revolt

During Friday’s bloodbath I heard a CNBC anchor lady assuring her (scant) remaining audience that Brexit wasn’t a big sweat. That’s because it is purportedly a political crisis, not a financial one. Presumably in the rarified canyons of Wall Street, politics doesn’t matter much. After all, when things get desperate enough, Washington caves and does […]

A Palace For Fannie (Mae)—–Why The Imperial City Must Be Sacked

To hear the establishment media tell it, you would think that Attila the Hun was fixing to sack the Imperial City. Would that Donald Trump were that bold or dangerous. Then again, he is a showman of no mean talents. So if there is a maquette of Fannie Mae’s planned new $770 […]