Stockman's Corner

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The Biggest Tax Cut Ever----Some Lessons For The Donald, Part 3

Yesterday on the Cavuto Show we found a new way to describe what passes for the Donald's fiscal policy. He's essentially a 70-year old kid in a candy store who wants one of everything-----more for defense, veterans, border walls, law enforcement, infrastructure and "phenomenal" tax cuts, too----without the inconvenience of paying for any of it.

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The Biggest Tax Cut Ever----Some Lessons For The Donald, Part 2

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The Biggest Tax Cut Ever----Lessons For The Donald, Part 1

Last Friday the Donald popped another surprise on his economic team and the GOP congressional leadership. As they continued to struggle with little success to parse the elements of a modest, politically fraught tax reform bill, the President came charging out of a totally different zip code...

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The Pitiful, Helpless Giant On The Potomac And The Countdown To Zero Cash

It doesn't get much better than this. April is the month when the US Treasury dies and goes to revenue heaven.

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The Great Immoderation: Beware of Money Printers In The Land Of The Bubble Blind, Part 2

Yesterday we offered Neiman Marcus as a poster boy for the chain of economic deformations and financial mutations which have arisen from Bubble Finance. Now comes word that the once and former toney emporium of wealthy patrons and conspicuous consumption has been reduced to borrowing money to pay interest on its staggering $5 billion mountain of debt.

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The Great Immoderation: Beware of Money Printers In The Land of The Bubble Blind, Part 1

Your better believe it. The high flyers in virtually every nook and cranny of the financial system will soon be dropping like flies before a summer storm. That's because the Fed's decades-long money printing spree has finally ended, but only after it had contaminated and falsified asset prices everywhere.

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The Anything President And The Everything Bubble

The lemmings were running hard upon the cliffs yesterday. Never mind a renewed burst of bombs and drones careening into the already rubble-strewn precincts of the middle east in Afghanistan, Yemen, Syria and Iraq; or the outbreak of cold war style nuclear brinksmanship on the Korean peninsula---what one commentator properly called a Cuban missile crisis in slow motion.

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Why The Donald Should Cool It On N. Korea----The Fat Boy Can't Even Deliver His "Little Boy"

The realized truth of modern history is crystal clear. Washington had no business intervening in a quarrel between two no-count wanna be dictators (Syngman Rhee and Kim il Sung) on the Korean peninsula in June 1950, and surely has no business still stationing 29,000 American soldiers there 67 years latter.

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Here Comes MOAD: Why The Trump Reflation Fantasy Ends On Day 100

Even as the stock averages were taking a spill Thursday afternoon, the CNBC talking heads were busy talking up still another "upturn" in the US economy and corporate profits. According to them, yesterday's last minute jitters in the casino was just a MOAB scare before the long holiday weekend.

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Donald J. Trump: America's Flip-Flopper In-Chief

The Donald has flipped-flopped so many times in the past week that we are suffering from heavy duty vertigo. In the Wall Street Journal interview Wednesday afternoon, for instance, he reversed himself on China's currency manipulation, the Fed and the Ex-Im bank in nearly a single breath; and before the ink was even dry he was at the White House podium averring that NATO wasn't obsolete after all and that the "stupidity" (his earlier words) of intervening on both sides of the Syrian civil war had been "very, very successfully done"(his latest words).

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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.

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