Treasury

The Selling Never Stopped…

By David Stockman  |  August 1, 2018locked
When winter first begins to bite and stones crack in the frosty night, when pools are black and trees are bare, ’tis evil in the Wild to fare. – J.R.R. Tolkien, The Fellowship of the Ring (1954) Russia sold $81 billion of Treasury bonds and notes in recent months. That pretty much empties its portfolio of U.S. government debt. Those holdings once wer...

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David Stockman

David Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President Ronald Reagan.Full Bio