David Stockman’s Contra Corner

Yesterday should have been a wake-up call for certain earnest folks who actually believe that bitcoin and its mob of crypto imitators is about “money”. No, sir. When they traded upwards of $1 billion of BITO in a matter of hours and minutes yesterday, the bloom was clean off the roses. After all, is there […]

Not only did the COVID-19 crisis obliterate hurdles that had previously prevented Moderna from taking a single product to market, it also dramatically reversed the company’s fortunes. Indeed, from 2016 right up until the emergence of COVID-19, Moderna could barely hold it together, as it was shedding key executives, top talent, and major investors at an alarming rate....

If you’re talking about something as useless as a teat on a boar—-why, step right up to today’s delirium in the casino. To wit, you can now hedge speculate against fiat till your heart’s content or, as JM Keynes averred in another context, until you are insolvent. And all without ever loosening for even a […]

Can you say “stagflation”? That’s what we’re stumbling into. Big time. For a long time. And, last week, even the Keynesian dufuses at the International Monetary Fund (IMF) issued a warning to that effect. Of course, at the root of it lies the destructive monetary and fiscal policies that have become so completely embraced in […]

Let us count the ways that America is committing suicide by Democratic Party policy. There is, front and center, “Joe Biden’s” vaccination mandate — with no basis in law, by the way — that is destroying most of the critical services industries in the nation: the hospitals, school systems, police forces, firefighters, ambulance squads, airlines, railroads, restaurants, you-name-it. No vaxx, no job for you — and no resuscitation for the unfortunate persons writhing on their kitchen...

Ivermectin is an antiparasitic, but it has shown, in cell cultures in laboratories, the ability to destroy 21 viruses, including SARS-CoV-2, the cause of Covid-19. Further, ivermectin has demonstrated its potential in clinical trials for the treatment of Covid-19 and in large-scale population studies for the prevention of Covid-19. https://www.aier.org/article/the-fdas-war-against-the-truth-on-ivermectin/

NEW – For the first time, the super-rich 1% in the U.S. has a larger share of wealth (27%) than the entire middle class (26.6%), according to Federal Reserve data.

Secretary of transportation, Pete Buttigieg, “has actually been on paid leave since mid-August to spend time with his husband, Chasten, and their two newborn babies,” Politico reported on October 14. What’s mildly humorous about this is that, until the Politico report, no one much noticed that Mr. Buttigieg had been missing. https://www.nysun.com/national/buttigieg-disappears-raising-the-question-is/91695/

By eugyppius Corona is primarily dangerous to the very old and the already sick. Occasionally, it is true, somebody who is younger or not already sick ends up dying. This happens with influenza and other viruses too. While that’s regrettable, Corona is not the leading cause of tragedies like these, and on balance they are too rare to pose an overarching unprecedented global threat to our hospitals, to our public health, to our nursing homes, or to whatever it is we’re supposed to...

According to the British government, the infection rate in double-vaccinated people in their 40s was 100% higher than in the unvaccinated. In fact, it’s higher for everyone over age 30. Source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1025358/Vaccine-surveillance-report-week-41.pdf