David Stockman’s Contra Corner

To hear Sean Hannity tell it, you would think that Donald Trump single-handedly revived America’s oil patch and energy sector and made the US energy independent after decades of heavy import dependency. Alas, he did no such thing. Mr. Market did—with considerable help from the money-printers at the Fed (see below). The fact is, the […]

However, there are transgenic mice that express human ACE2. The first of these transgenic mice, known as K18-hACE2, was developed in 2007. Other transgenic mice with human ACE2 have been created since then. At least two recent studies have shown that transgenic mice with human ACE2 are easily infected and killed by SARS-CoV-2:...

….while the thousands of massed national guard troops signaled the paranoia crackling under the surface as Ol’ White Joe Biden stepped forward to commence his party’s punishments against the unWoke (disguised as a call for “unity”). He was surrounded by a virtual wax museum of Deep Staters salivating for the upcoming blood-feast: The Obamas, Hillary and Bill (nodding off), Nancy, Chuck, Mitch… but just who was the Asian chap sitting behind the man-of-the-hour? Secret Service? Or his...

Bitter-enders like Sean Hannity have taken to recounting the Orange Man’s lost glory,  Among these are the Greatest Economy Ever, National Energy Independence and the purported remarkable success of Operation Warp Speed in swiftly producing a vaccine against the “Wuhan Virus”. Alas, would that it were. Unfortunately, as in the case of the Donald’s claim […]

Wall Street, Washington, D.C., and Silicon Valley are swimming in cash and prosperity. 2020 could not have gone better for the country’s elites. The vast majority of Americans, on the other hand, have been forced into financial, physical, and emotional ruin. 2020 served as the year that government dictates — purposed with fighting a disease with a 99.8% recovery rate — manifested unprecedented wealth inequality, and created health issues far more dangerous than COVID-19. The...

The everlasting irony of Donald J. Trump’s presidency is this: He had all the right enemies, but virtually without exception made all the wrong decisions during his hapless four-year sojourn in the Oval Office. The list of his enemies is enough to make any right-thinking supporter of peace, prosperity and liberty proud. That starts with […]

“they have also kindled two dangerous ideas: that fiscal deficits don’t matter, and that no matter how much debt is outstanding, we can effortlessly, safely, and reliably pile on more.” Crucially, Klarman warns that: “The market’s usual role in price discovery has effectively been suspended.” https://www.zerohedge.com/markets/price-discovery-has-simply-vanished-bauposts-klarman-blasts-800lb-gorilla-fed-dangerously