Stockman’s Corner

David Stockman On “Wall Street Week”: Get Out of Harms’ Way Now—–The Casino Is Heading For A Crash

By Fox Business Former Reagan Budget Director David Stockman on the Federal Reserve and what is needed to boost the U.S. economy. Watch the latest video at <a href=”http://video.foxbusiness.com”>video.foxbusiness.com</a>Source: Stockman: Janet Yellen is a clueless economist

The Fed’s Monetary Politburo Is Finally Catching Some Flack

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 has an unacceptable cozy relationship” with the Obama administration and Democrats. “As the saying goes, perception is reality,” Garrett…

Stanley Fischer’s Novel Idea: “We’d Be Better Off With A Price For Using Money”

The end game of central bank lunacy is surely near. Even the Fed heads appear to be mumbling bits and pieces of truth in public. Former Philly Fed President Charles Plosser, for example, told Bloomberg TV this morning that central bankers “wring their hands all the time,” are very “concerned about credibility,” and are “pretty good at conjuring up reasons not…

The Donald Nailed It: “We Are In A Big Fat Ugly Bubble”

Most of the 90 minutes last night was a waste—with both candidates lobbing well-worn clichés, slogans and sound bites at the audience and each other. But there was one brief moment that made it all worthwhile. That was when Donald Trump peeled the bark off the Fed’s phony recovery narrative and warned that the stupendous stock market bubble it has created…

Dangerous Bubbles In Plain Sight

Jesse Felder published an incisive bubble finance chart over the weekend. It is yet another reminder that Janet Yellen and her merry band of money printers are oblivious to the dangerous speculation and valuation excesses that their policies have implanted throughout the financial system. Relative to disposable income, the value of household financial assets now far exceeds the last two…