Archive For: November 2014

Page 3 of 1212345...10...Last »

Morning Macro Call With Keith McCullough: We're Running Out Of Central Plans, Global Slowdown Looming

Read More

Obama's Capitulation To The Neocons------Twice In One Day

The abrupt resignation of Defense Secretary Chuck Hagel – along with the failure to reach a final agreement on Iran’s nuclear program on the same day – does not augur well for the last quarter of Barack Obama’s presidency, reflecting his continuing tendency to let the neocons have their way.

Read More

Why Crony Capitalism Will Be Hard To Uproot: Interview Of David Stockman

I think it’s going to be very difficult to uproot crony capitalism, which is thoroughly embedded in Washington’s governance process. It’s worth understanding and noting that crony capitalism is really the stepchild of the Keynesian idea. If you go back to the idea that free-market capitalism is inherently weak and prone to breakdowns and recession, then the government is always looking for ways to ‘help,’ to stimulate, to prop it up.

Read More

Hard-Pressed Consumers Are Dropping, Not Shopping---Galllup Xmas Survey Plunges 8% In Last Month

The cold water of Gallup’s results is actually already working its way through the retail industry as estimates for the coming quarter (as well as the just-concluded quarter) are not very re-assuring (and more than a few are downright pessimistic).

Read More

Mind The Vienna Turkeys: If No OPEC Cut On TX-Day-------Junk bond Rout, Default Cycle, Profit Recession Will Follow

If OPEC fails to agree a cut, prices will drop "further and quite quickly", with U.S. crude possibly sliding to $60, he said. .....So keep an eye on Vienna this Thanksgiving: the black swan may just be coated with an layer of crude oil this year.

Read More

The Patriot Act Is Down For The Count: Ron Paul Says Let It Expire Now!

With the failure of the FREEDOM Act to move ahead in the Senate last week, several of the most egregious sections of the PATRIOT Act are set to sunset next June absent a new authorization. Congress will no doubt be under great pressure to extend these measures. We must do our very best to make sure they are unsuccessful!

Read More

The Bubble Inflates Like Never Before: Obama Blew The Chance To Yoke Wall Street In 2009

There is an awful lot that President Barack Obama has to answer for after all this time. But there is almost no public chatter (let alone true debate) about his failure to discipline the banking system. He should have commenced to restructure the biggest banks in January of 2009. He should have proposed through his congressional proxies the reinstatement of the Glass-Steagall act. Almost nobody besides Bill Black has remarked on the remarkable record of the SEC under Obama in making no criminal referrals to the Department of Justice, not to mention the stupendous dereliction of Attorney General Eric Holder

Read More

Beijing Looks Into The Abyss......And Threatens To Keep Digging

.........."China's leadership and central bank are ready to cut interest rates again and also loosen lending restrictions" due to concerns deflation "could trigger a surge in debt defaults, business failures and job losses, said sources involved in policy-making." In other words, China has once again looked into the abyss once... and decided to dig a little more.

Read More

Sell, Sell, Sell.......The Central Bank Madmen Are Raging

Read More

On The Looming Wall Of Chinese Defaults, Restructuring Firm Warns "You Know It's Coming"

Read More

Page 3 of 1212345...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.