Archive For: March 2014

Page 2 of 1112345...10...Last »

How 83 bps Slammed The Fed's Ersatz Housing Recovery

Mortgage rates have swung back to a 2-month high, a unfortunate concurrent timing to Janet Yellen’s recent assurance that the FOMC remains in full support of the mortgage market. Taper is not tightening to her, so the 53% decline in the monthly issuance of MBS and agency securities in February against May 2013 (before the [...]

Read More

Breaking News @ 1897: Half of Hawiians Sign Petition Against Annexation!

The 1897 petition against annexation that more than half of all native Hawaiians signed: http://slate.me/1f0GAU6 pic.twitter.com/WMB1StIA3Ipic.twitter.com/WMB1StIA

Read More

The War Party's Madness On Syria: McCain Wants More Weapons Delivered to Bloodthirsty Rebels

U.S. lawmakers lashed out at the Obama administration's handling of Syria's civil war on Wednesday, demanding a stronger American response to the conflict and better communication from the White House about its plans.

Read More

America's Warfare State Hits the Road: Obama's 900 Person Entourage to Brussels Tops "The Decider"

Earlier this week, U.S. President Barack Obama arrived in Brussels for the E.U. summit, but he was not alone. In fact, he is reported to have traveled with an entourage of 900 people, no doubt leaving a gaping expense for … Read More


Behind the Russian Rage: The Geography and History Lessons That Obama Skipped

As the old saying goes, you cannot truly understand a man until you have walked a mile in his shoes. Perhaps Americans, a fortunate tribe, should try to see the world from the vantage point of the Russian people and Vladimir Putin, and, as the poet Robert Burns said, “see ourselves as others see us.” […]

Read More

The Mad-Max State of Ukraine and The Geopolitical Turmoil Ahead

During a press conference Tuesday, Ukrainian Minister of Energy Yuriy Prodan said “oil reserves will last for 28 to 29 days” in Ukraine. Fuel prices are being raised 50% as well. The whole Ukrainian citizenry and military will be soon completely immobilized and turned into a “Mad Max” state. It shouldn’t be long before Russian-dominated eastern Ukraine is in full uprising.

Read More

The Gas Fracking Treadmill: No Technology Miracle Here---Just Economics, Stupid!

This winter, polar vortices blew across the land and hit the price of natural gas and sent it into dizzying spikes and plunges, aggravating head fakes, and whiplash-inducing turnarounds. But now the winter is petering out, and we’re left with a v...

Read More

The Fed's "Tapering" Mirage: Tightening is the New Loosening

Read More

Japan's Been All Keynes, All The Time: Debt Debacle Coming Soon

it should now be abundantly clear to all holders of JGBs that since over half of all national income must soon go to pay interest on the debt, the chances of the principal being repaid in anything close to real terms is zero. A massive default in explicit or implicit terms on the quadrillion yen ($10 trillion), which amounts to 242% of GDP, is now assured to happen shortly.

Read More

Moore On Corporate Welfare Queens

.....It’s very simple, really: Republicans have to be willing to cut weak claims, not weak claimants, as Reagan budget director David Stockman used to say. But corporate welfare has strong claimants: deep-pocketed business interests that rely on federal largesse to pad their pockets and jack up stock prices.

Read More

Page 2 of 1112345...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.