The Red Ponzi Looks Flushed

Trade By David Stockman.  |  February 18, 2020

Before mass leaders seize the power to fit reality to their lies, their propaganda is marked by its extreme contempt for facts as such, for in their opinion fact depends entirely on the power of Read More

“Pandemic!” Is the New “Trade War!”

Trade By David Stockman.  |  January 28, 2020

Scapegoating worked in practice while it still had religious powers behind it. You loaded the sins of the city on to the goat’s back and drove it out, and the city was cleansed. Read More

A Slice of “Small-Town” China

Trade By David Stockman.  |  January 21, 2020

November’s presidential election is now the biggest risk investors face in 2020, as Trade War tensions have seemingly eased with execution of a “phase one” deal. Read More

Terms of the Trade

Trade By David Stockman.  |  December 19, 2019

“With each passing day,” I write in this month’s issue of The Stockman Letter, “Wall Street becomes an ever-greater menace. Read More

The Way We Talk Today

Economy By David Stockman.  |  December 13, 2019

War is the health of the state. Read More

Much Ado About… Empire

Trade By 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?

Trade By 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

The Sentient Investor

Trade By David Stockman.  |  November 12, 2019

As has been stated above, it was pointed out long ago by Goltz that the brainless frog, if allowed to rest in water the temperature of which is gradually raised, behaves wholly unlike the normal Read More

A Convergence of Fragmented Conflicts

Trade By David Stockman.  |  September 17, 2019

At the headline level, everything seems to be just fine. We’ve had a bit of digression from the main U.S.-China Trade War plotline. Read More

Of the Acela Corridor… By the Acela Corridor… For the Acela Corridor

Trade By David Stockman.  |  May 22, 2019

The famous Lucius Cassius, whom the Roman people used to regard as a very honest and wise judge, was in the habit of asking, time and again, to whose benefit it be? – Marcus Tullius Read More