Thursday , August 22 2019
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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

“This Is The Worse I’ve Seen It” – Recession Imminent As RV Industry Crashes

Michael Hicks, a Ball State University economist who tracks the industry, warned that the fall in RV shipments could indicate a broader economic downturn is ahead. Hicks said shipments had fallen sharply just before the last three U.S. recessions. https://www.zerohedge.com/news/2019-08-20/worse-ive-seen-it-recession-imminent-rv-industry-crashes

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WeWork: A Financial Scam So Obvious That It’s An Insult To The Concept Of Investor Stupidity

Neumann has actually been able to convince people that WeWork is a technology company, as a way to justify its absurdly high valuations. In addition to extolling their ‘culture of inclusivity’ and ‘energy of an inspired community’, the company’s SEC filing refers to their ‘extensive technology’ more than 120 times. Of course, there’s never any description of the technology, or...

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