Wall Street

Wall Street

Wall Street, Imperial Washington, and Our “Sanity Option”

Wall Street By David Stockman.  |  November 15, 2018

In individuals, insanity is rare; but in groups, parties, nations, and epochs, it is the rule. – Friedrich Nietzsche, Beyond Good and Evil: Prelude to a Philosophy of the Future (1886) Something’s changed.Read More

Europe Opts Out of Forever War

Wall Street By David Stockman.  |  November 8, 2018

Turning and turning in the widening gyre    The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere    TheRead More

What Lies Beneath

Wall Street By David Stockman.  |  September 10, 2018

“Maybe,” he said hesitantly, “maybe there is a beast.” – William Golding, Lord of the Flies (1954) This is, by some measures, the Greatest Bull Market in the History of Humankind.Read More

How to Ignore the Bubble-Brained

Wall Street By David Stockman.  |  August 29, 2018

History is a vast early warning system.Read More

A Midsummer Night’s ‘Mare

Finance By David Stockman.  |  July 31, 2018

To sleep – perchance to dream: ay, there’s the rub… – William Shakespeare, Hamlet (circa. 1599 – 1602) Let’s just concede “It’s absurd.Read More

Wall Street vs. Main Street

Wall Street By David Stockman.  |  June 14, 2018

“The minute you get away from fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game, your schoolwork, your job, whatever you’re doing.Read More

What’s Your Appetite for Destruction?

Wall Street By David Stockman.  |  June 15, 2018

“Poverty is the parent of revolution and crime.” – Aristotle, Politics (350 B.C.E.) Central planners destroyed honest price discovery. And they’ve set the seeds to do the same to their whole system.Read More

Today in “More Ugly Truth”: Capital Expenditures

Wall Street By David Stockman.  |  May 30, 2018

“In a Wonderland they lie, Dreaming as the days go by, Dreaming as the summers die: Ever drifting down the stream – Lingering in the golden gleam – Life, what is it but aRead More

Wall Street’s Nursery Rhyme Is Main Street’s Horror Show

Wall Street By David Stockman.  |  May 24, 2018

‘But the plans were on display...’ ‘On display? I eventually had to go down to the cellar to find them.’ ‘That’s the display department.’ ‘With a flashlight.’ ‘Ah, well the lights had probably gone.Read More

On Deadening Girth and Destructive Bloat

Wall Street By David Stockman.  |  May 24, 2018

So that in the nature of man, we find three principal causes of quarrel. First, competition; secondly, diffidence; thirdly, glory.Read More