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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

It’s Baaack! $99 Billion Repo Surge Means Fed’s Rate Peg Ain’t The Market’s Command

  But wait there’s more: today’s oversubscribed term repo, coupled with yesterday’s overnight repo surge and this morning’s $63.919BN overnight repo…… means the Fed just injected a total of $99BN to keep the levitation party going, and confirms that the repo market remains paralyzed.             https://www.zerohedge.com/markets/repo-remains-paralyzed-fed-announces-first-oversubscribed-term-repo-mid-december  

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The Donald’s Assassination Of General Soleimani—As Stupid As It Gets

During more than a half-century of Washington watching we have seen stupidity rise from one height to yet another. But nothing—just plain nothing—compares to the the blithering stupidity of the Donald’s Iran “policy”, culminating in the mindless assassination of its top military leader and hero of the so-called Islamic Revolution, Major General Qassem Soleimani. To […]

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