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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

Making Sense Eurodollar University Episode 91

Glowing Orange: Repo Market Collateral Rumble Early-morning action in the repo market shows a musical chairs-like collateral scramble; it has the Fed's attention. But the Fed is blasé about it (i.e. 'too much cash'). Yet these collateral scrambles resemble what we saw in March 2020. Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Topics & Time Codes 01:41 Montana Senator Daines asked a Jeff-Snider-question to Jerome Powell in...

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The CDC’s Hysterical Delta Flip-Flop Might Be Its Final Undoing

The crazy, convoluted, mixed up messaging from the CDC – it’s been this way from the beginning of the pandemic until now – has taken yet another turn. Now the CDC is recommending masks not just for the unvaccinated but for the vaccinated too. https://www.realclearmarkets.com/articles/2021/07/28/the_cdcs_hysterical_delta_flip-flop_might_be_its_final_undoing_787443.html

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The Birth And Rise Of Washington’s Infernal Inflation Machine, Part 3

Keynesian economists in the US have done their best to obfuscate the Fed’s culpability for the burned out industrial zone dotting Flyover American from coast to coast. Along with their nonchalance about China’s mountainous internal debt (about $50 trillion counting financial debt), a much used canard is the claim that China’s ultra-dirty float mainly reflected […]

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Uncle Sam’s Tab

June retail sales allegedly rose at a booming 15.6% year-over-year rate, thereby reminding us once again that just because you can look it up on Bloomberg doesn’t make it true. Actually, inflation-adjusted retail sales have fallen at a 13.5% annual rate since the March peak. Then again, the March peak was an out-of-this-world aberration that […]

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92 What FRONTLINE got SO wrong about the Fed, LIVE!

FRONTLINE, the American news magazine, is critiquing the Federal Reserve for showering big banks, big business and Wall Street with easy money. Money that has neither reached the real economy nor the vast majority of Americans. Yes to the latter, no no no no no to the former. ----SEE EPISODE 92----- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL Art:...

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91 Glowing Orange: Repo Market Collateral Rumble

Early-morning action in the repo market shows a musical chairs-like collateral scramble; it has the Fed's attention. But the Fed is blasé about it (i.e. 'too much cash'). Yet these collateral scrambles resemble what we saw in March 2020, when the swaps hit the fan. ----SEE EPISODE 91---- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL Art: https://davidparkins.com/...

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