Finance

Finance

Alan and Ben and Janet and Jay

Finance By David Stockman.  |  December 10, 2018

I’m sick and tired of paying these dues And I’m finally getting hip to the American ruse – MC5, “The American Ruse” (1970) That’s quite a rogue’s gallery, there: Alan and Ben and Janet andRead More

Common Sense for Black Friday

Finance By David Stockman.  |  November 23, 2018

IN the following pages I offer nothing more than simple facts, plain arguments, and common sense… – Thomas Paine, Common Sense (1776) Benjamin Franklin sent Thomas Paine from London to Philadelphia in September 1774.Read More

Central Bankers and Life in the 21st Century

Finance By David Stockman.  |  November 9, 2018

“Monetary central planning” is a global phenomenon. And it’s only a slight exaggeration to say “everything” rides on it these days.Read More

We Are All Sears Now

Finance By David Stockman.  |  October 29, 2018

“For somebody that is of my generation,” said the Donald, “Sears Roebuck was a big deal, so it’s very sad to see… Sears has been dying for many years.Read More

It’s the End of the Beginning of “Normalization”

Finance By David Stockman.  |  October 5, 2018

Cheer up, the worst is yet to come! – Mark Twain, Those Extraordinary Twins (1894) The yield on the 10-year U.S. Treasury note hit seven-year highs this week.Read More

Here’s a Triumvirate… And Here Are Three Stooges

Finance By David Stockman.  |  September 26, 2018

What I tell you three times is true. – Lewis Carroll, The Hunting of the Snark (1876) Monetary central planners are the center of the system today.Read More

A Clear and Present Stranger Danger

Finance By David Stockman.  |  September 24, 2018

He wondered about the people in houses like those. They would be, for example, small clerks, shop-assistants, commercial travellers, insurance touts, tram conductors.Read More

This Especial Disaster

Finance By David Stockman.  |  September 21, 2018

Most of the people in Johnstown never saw the water coming; they only heard it; and those who lived to tell about it would for years after try to describe the sound of the thingRead More

“3.47 Times” Is the New Normal

Finance By David Stockman.  |  September 19, 2018

Debts and lies are generally mixed together. – François Rabelais, The Horrible and Terrifying Deeds and Words of the Very Renowned Pantagruel King of the Dipsodes, Son of the Great Giant Gargantua (c.Read More

The Financialization of Everything

Finance By David Stockman.  |  September 17, 2018

Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes. – Thomas I.Read More