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

What’s the Matter with Asia?

Trade By David Stockman.  |  May 16, 2019

“Fool!” cried the hunchback. “You fell victim to one of the classic blunders. The most famous is ‘Never get involved in a land war in Asia.’” – William Goldman, The Princess Bride (1973) ... Read More

The Trade War Will Be Tweeted

Trade By David Stockman.  |  May 14, 2019

‘Things aren't like this,’ he kept repeating. ‘It shouldn't be this way. Read More