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The author David Stockman
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

David Stockman’s Contra Corner

George Orwell’s Dystopian Nightmare in China

Outside observers say say Xi’s consolidation of power within and for the party reflects the need to minimize political and economic rancor at home, and position China as a unified power player abroad. Indeed, the government seems to find new ways to use technology to manifest this power every day. Ironically—and Orwell himself may have never dreamed this—is that thanks to...

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Red Ponzi Roiling: China’s Bank Market Freezes, SHIBOR Tumbles To Decade Low

One trading day after we reported that China was "Hit By "Significant Banking Stress" as SHIBOR tumbled to recession levels, and less than a week after we warned that China's interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a spike in Negotiable Certificates of Deposit (NCD)...

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When Washington Shoves It’s Stick Into The Iranian/Persian Gulf Hornets Nest What Comes Next? War and Global Recession

Upon closer examination, it becomes apparent that the actions of Bolton and Pompeo seem to be aligned in prolonging the United States’ unipolar moment, continuing to issue diktats to other countries and failing to recognize the multipolar reality we live in. Their policies and actions are accelerating the dispersal of power away from the US and towards other great powers like...

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