Page 141 of 142« First...102030...138139140141142

The Truman Show of Bubble Finance, 1987-2014, RIP

Willard M. Romney did not see this, and for a compelling reason: he was the Jim Carrey of bubble finance. He had made a fortune during a twenty-year career in the studio, riding the wave machines of debt and leveraged speculation enabled and powered up by the Fed. Not surprisingly, Romney mistook the windfall riches garnered in the great hall of bubble finance for the fruits of honest enterprise on the free market, and was therefore blind to the profound monetary and financial disorders of the American economy.

Read More

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Conclusion

....the only politician of modern times who honestly campaigned against Big Government and the national debt was reduced to enunciating pure fiscal babble once in office. Ronald Reagan was so mesmerized by the brass and so bamboozled by the neo-cons’ scary bedtime stories about the Soviets that he not only gave the Pentagon a blank check, but he then proclaimed that there was no deficit problem because the flood of red ink on his watch amounted to necessary and excusable “war debt”.

Read More

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 5

The national debt did soar from less than 50 percent of GDP.... to nearly 120 percent at the 1945 peak. But this was not your Krugman’s benign debt ratio. Instead, the 1945 ratio was an artifact of a command and control war economy which had banished civilian goods including new cars, houses and most consumer durables, and tightly rationed everything else including sugar, butter, meat, tires, shoes, shirts, bicycles, peanut brittle and candied yams. With retail shelves empty the household savings rate soared from 4 percent in 1938-1939 to an astounding 35 percent of disposable income...

Read More

The Ukrainian Follies: What Crackpots Made NATO Alliances with Albania, Bulgaria, Rumania, Slovakia and Slovenia?

Most especially, the chance had come to unwind NATO, nullify the treaties and dismantle its vast force structure. Indeed, had George Bush the elder had the facility for drama later shown by his son, he could have parachuted into NATO's Geilenkirchen Air Base (he parachuted until he was 80)) and declared, "Mission Accomplished!"

Read More

Bruce Berkowitz's Bogus Bombast

The Fed’s serial bubble machine has not only bestowed massive speculative windfalls on the 1%, but it has also fostered a noxious culture of plunder and entitlement in the gambling casinos of Wall Street.

Read More

The Wall Street Home Buying Binge Is Over....Already!

Read More

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 4

Read More

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 3

Part 3 - Real Cause of the Great Depression: Collapse of the Artificial 1914-1929 Boom In this setting, Bubbles Ben 1.0 (New York Fed Governor Benjamin Strong) stormed in with a rescue plan that will sound familiar to contemporary ears.

Read More

Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 2

Read More

Yellenomics: The Folly of Free Money

Read More

Page 141 of 142« First...102030...138139140141142

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