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Tag Archives: David Stockman

  • Blog

    Pain Is Inevitable; But Suffering Is Optional

    How to avoid becoming collateral damage in the coming crash
    by Adam Taggart

    Friday, May 24, 2019, 10:35 PM


    I’m struck by how relevant the above advice is to investors right now.

    It’s becoming increasingly clear that the end of the ten-year bull market has arrived.

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  • Podcast

    David Stockman: The Undrainable Swamp & The Inevitable Recession

    What the future of the post "Peak Trump" era holds
    by Adam Taggart

    Tuesday, March 5, 2019, 8:10 PM


    Love it or hate it, the potency of the Trump Administration is on the wane, soon to be stuck in the mire of the Swamp it has deepend instead of drained, while the economy falls into one hell of a recession — so claims former Regan-era Cabinet member and Congressman David Stockman.

    In his new book Peak Trump, Stockman notes how the wide divergence between Trump the campaigner and Trump the president appears to be proving to be his undoing.

    Rather than fight to dismantle the institutions he railed against as a candidate — most notably the Deep State and the Federal Reserve — Trump has embraced them.

    Now, when this latest asset bubble bursts (and Stockman believes the markets saw their peak back in Fall 2018), Trump will 'own' that. Having chosen to tie his administration's success to the rising price of the S&P 500 since taking office, he won't be able to foist the blame of a market crash on his predecessors.

    Similarly, the Deep State — especially the military industrial complex — is experiencing a bonanza under the Trump administration. As a result, the Swamp is deeper than it has ever been.

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  • Insider

    Off The Cuff: Why The Government Allows Corporate Rackets

    There's just too much money in play
    by Adam Taggart

    Friday, September 28, 2018, 12:20 AM


    In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

    • The Impact Of Natural Disasters
      • There are always surprise ramifications
    • Unequal Oversight
      • Corporations skate free while individuals get nailed
    • Why The Government Allows Corporate Rackets
      • There's just too much money in play
    • Where Is The Tipping Point?
      • When does the abused populace say "No more!"

    The government is not famous for its efficiency, or for its fairness. In many cases, that's intentional — particularly when you look at the incentives in play. Charles explains why our crony capitalist system is allowed, and even protected from enforcement: it's simply too cheap for corporations to influence government policy, regulation and oversight.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of's other premium content.

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  • Insider

    Off The Cuff: Why The Market Has To Crash

    Too much bad debt
    by Adam Taggart

    Monday, September 3, 2018, 6:25 PM


    In this week's Off The Cuff podcast, Chris and Mish Shedlock discuss:

    • Tax-Cut Sugar-High
      • Corporate earning shoot the moon, but wages are little changed
    • Emerging Markets Deja-Vu
      • Crisis always follows borrowing too much debt from foreign creditors
    • Our Captive Political System
      • The democratic dream has long been suffocated by those who control DC
    • A Gold Suprise?
      • Historical precendent strong suggests gold will rebound sharply soon

    As the markets hang at record highs (yet again), Chris and Mish revisit the data — are these levels justified by the data?

    A fresh look makes it very hard to defend them. And while there are lots of reasons to support that conclusion, the core one is the same as it was prior to the 2008 crash: Too Much Bad Debt.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of's other premium content.

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    Read More »

  • Daily Digest
    Zimbabwe 100 Trillion Dollar Note

    Daily Digest 8/25 – What Happens After Hyper Inflation

    by DailyDigest

    Saturday, August 25, 2018, 5:00 PM

    • Russia Buys Over 800,000 Ounces Of Gold In July After Dumping US Treasuries 
    • BofA's "Emerging Market Crisis" Indicator Was Just Triggered
    • What Happens After Hyper Inflation
    • Could gold do a bitcoin and hit $10,000 an ounce in 2018?
    • More Americans are defaulting on their credit cards: analyst
    • Why are we still relying on government to collect data?
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  • Daily Digest
    Image by Global Landscapes Forum, Flickr Creative Commons

    Daily Digest 8/20 – Trump Admin Dismantling Financial Protections For Military, Fracking Destroying U.S. Water Supply

    by DailyDigest

    Monday, August 20, 2018, 2:41 PM

    • The Trump administration is dismantling financial protections for the military
    • 3 Money Mistakes Baby Boomers Are Making
    • Trump adviser John Bolton on possibly privatizing US war in Afghanistan: I'm 'always open to new ideas'
    • ‘No One Is Ever Really Ready’: Aid-In-Dying Patient Chooses His Last Day
    • My fiance and I took on $500K in debt before NYU's med school went tuition-free
    • Health officials warn about potential exposure to measles in Arizona
    • Sultan Knish: South Africa Goes Zimbabwe
    • U.S. says conserving oil is no longer an economic imperative
    • Cracks In Global Economy Weigh On Oil Markets
    • Avoid low-carb diets if you want to live longer, study suggests
    • India's monsoon floods leave 800,000 displaced, thousands stranded
    • Mosquitoes, dead birds and chickens test positive for West Nile Virus in Contra Costa County
    • Fracking is destroying U.S. water supply, warns shocking new study
    • Trump Administration Hit With 7 Major Environmental Setbacks In Court In Past Week
    • The Really Big One

    Read More »

  • Blog

    Missed ‘The End of Money’ Webinar?

    Not to worry. You can purchase a video of the full event.
    by Adam Taggart

    Wednesday, June 14, 2017, 4:35 AM


    If you didn't register earlier for the live webinar and are regretting having missed out on the event — there's good news.

    Read More »

  • Blog

    Why The Markets Are Overdue For A Gigantic Bust

    It's just not possible to print our way to prosperity
    by Chris Martenson

    Friday, June 9, 2017, 11:38 PM


    As much as I try, I simply cannot jump on the bandwagon that says that printing up money out of thin air has any long-term utility for an economy.

    It's just too clear to me that doing so presents plenty of dangers, due what we might call 'economic gravity': What goes up, must also come down.

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  • Blog
    Jennbang |

    Less Than Zero: How The Fed Killed Saving

    It destroyed the incentive to do it
    by Adam Taggart

    Friday, June 2, 2017, 10:27 PM


    Savings accounts were created to provide an incentive for people to plan for the future. Put money away today, let it grow through the miracle of compounding interest, and have more tomorrow.

    Prudent savings is essential to a healthy economy. It offers resilience during downturns, and provides seed capital for productive enterprise.

    But we are no longer a nation of savers. The Federal Reserve has killed the incentive to be one.

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