Archive For: February 2014

Page 1 of 1012345...10...Last »

Friday FOMC Memories: Wachovia and Bagehot

Despite the obvious disinterest from pretty much everyone in the media, I still find tremendous relevance and value in the 2008 FOMC. The entire year was spent in a comedy of errors

Read More

U.S. Banks Investigated For Pay-To-Play In China

A joint investigation by the U.S. Department of Justice, Hong Kong Department of Justice and the UK Ministry of Justice into accusations that American investment banks hired the children of powerful Asian officials to secure lucrative securities business may have just ensnared JPMorgan Chase CEO Jamie Dimon.

Read More

Eurozone in Deflation; Monetarist Mouthpieces Will Scream

The true measure of inflation is credit expansion. And for the second month, credit contracted in the Eurozone.

Read More

Why the Periphery Is Crumbling: The Spoils System Is Cracking

While it is clear that the instability in periphery nations is arising from dynamics unique to each nation, there is one unifying causal factor: the spoils system in each nation is breaking down.

Read More

Troubling Increase in Initial Unemployment Claims A Bad Omen For Stock Prices

For the first time in 2014, initial unemployment claims were higher than the same week a year ago.

Read More

Yes the Government is Spying on You Through Your Webcam – Another “Conspiracy Theory” Proven True

I still remember many years ago in response to becoming aware of the possibility that my computer webcam could be accessed remotely I decided to put a piece of duct tape over the camera.

Read More

Heavy Construction Exports Fell 25% But You've Not Seen Nothing Yet

Here is another illustration of the Great Deformation unraveling in plain sight. This particular Reuters story is typical of the bubble blindness of the mainstream financial press---of which Reuters is among the worst offenders.

Read More

Further Behind

as the hope of QE magic and mysticism turns against the reality of shoppers growing ever-poorer (itself a full part of QE), what’s left is really a cleanup of so much misallocation.

Read More

Bitcoin has theory and history on its side

Bitcoin as a monetary concept is potentially a work of genius, and even if Bitcoin were to fail in its present incarnation – a scenario that I cannot exclude but that I consider exceedingly unlikely – the concept itself is too powerful to be ignored.

Read More

Encore Broadcast: Crony Capitalism | Moyers & Company

“We now have an entitled class of Wall Street financiers and of corporate CEOs who believe the government is there to do… whatever it takes in order to keep the game going

Read More

Page 1 of 1012345...10...Last »

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.

Get Access