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Between Hope and Illusion

David Stockman / December 6, 2019

One day everything will be well, that is our hope; Everything’s fine today, that is our illusion. – Voltaire, “Poem on the Lisbon Disaster” (1756) That’s one explosive rally on Wall Street today. Read More

First Gifts of the Holiday Season

David Stockman / December 5, 2019

I love these little people; and it is not a slight thing when they, who are so fresh from God, love us. Read More

Much Ado About… Empire

David Stockman / December 4, 2019

But it is necessary to know well how to disguise this characteristic, and to be a great pretender and dissembler; and men are so simple, and so subject to present necessities, that he who seeks Read More

Who’s Playing Whom?

David Stockman / December 3, 2019

Lord, what fools these mortals be! – William Shakespeare, A Midsummer Night’s Dream (1595) Well, you can’t have a “Trade War Rally” without a “Trade War Selloff,” so there’s that. Read More

Social Media’s President

David Stockman / December 2, 2019

I’ll press your flesh, you dimwitted sumbitch! You don’t tell your pappy how to court the electorate. We ain’t one-at-a-timin’ here. Read More

The Buyback Debate

David Stockman / November 29, 2019

For the Truth the Turkey is in Comparison a much more respectable Bird, and withal a true original Native of America… He is besides, though a little vain & silly, a Bird of Courage, and Read More

Happy Thanksgiving

David Stockman / November 28, 2019

But prosperity is not an end in itself. Read More

Gobble, Gobble: MAGA is Trouble

David Stockman / November 27, 2019

After a good dinner one can forgive anybody, even one’s own relations. Read More

Fight the Fed

David Stockman / November 26, 2019

An unbelieved truth can hurt a man much more than a lie. It takes great courage to back truth unacceptable to our times. There’s a punishment for it, and it’s usually crucifixion. Read More

Recent Articles

Easy Money Is Exhausting

By David Stockman.  |  December 11, 2019

One Good Ponzi Deserves Another

By David Stockman.  |  December 10, 2019

They Don’t Make Central Bankers Like This Anymore

By David Stockman.  |  December 9, 2019