Tag Archives: David Stockman

  • Blog
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    The End Of Money

    Our first live event on our new webinar platform
    by Adam Taggart

    Wednesday, May 10, 2017, 7:27 PM

    6

    Today's lofty asset prices are dependent on one thing far beyond all else: continued massive amounts of liquidity injected each and every month by the world's central banks.

    Over $12 trillion in "thin air" money has been printed up by the world's central banks since the start of the Great Recession. And so far in 2017, a fresh $200 billion is added to the pile each month(!)

    This makes the future price trajectory for stocks, bonds, real estate and nearly every other asset class more dependent on central bank policy than at any time in history. Investors need to ask: What are the central banks most likely to do next, and what will the repercussions be?

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  • Podcast

    David Stockman: America Now Lives Under A ‘Perverted Regime’

    One foisted on the nation by its bipartisan ruling elites
    by Adam Taggart

    Sunday, October 2, 2016, 5:19 PM

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    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

    In his upcoming book, Trumped! A Nation on the Brink of Ruin…And How to Bring it Back, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

    Stockman brings us his report of what 30 years of politics, degenerative crony capitalism and “bubble finance” have finally wrought. The upheaval and crossroads represented by Donald Trump’s candidacy spell economic disaster or resurgence, depending on the steps America chooses to take from here.

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  • Podcast

    David Stockman: The Global Economy Has Entered The Crack-Up Phase

    And will be characterized by these 4 developments
    by Adam Taggart

    Sunday, February 15, 2015, 7:42 PM

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    Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

    David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments:

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  • Podcast

    David Stockman: The Collapse of the American Imperium

    A perfect storm of policy failures
    by Adam Taggart

    Sunday, August 3, 2014, 3:47 PM

    14

    David Stockman, former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC, The Fed, and Wall Street work and intersect better than he does.

    He's extremely concerned by the "perfect storm" he sees of concurrent failures in US policy across foreign, monetary, economic, fiscal fronts:

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  • Insider
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    Off the Cuff: Cognitive Dissonance

    These are trying times for the prudent
    by Adam Taggart

    Wednesday, April 3, 2013, 7:23 PM

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

    • Europe Worsens
      • Even Germany is showing signs of weakness now
    • David Stockman
      • Everyone's trying to shoot the messenger
    • Cognitive Dissonance
      • It feels like we're taking crazy pills
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  • Podcast

    David Stockman: We’ve Been Lied To, Robbed, and Misled

    And we're still at risk of it happening all over again
    by Adam Taggart

    Saturday, March 30, 2013, 4:42 PM

    19

    David Stockman, former director of the OMB under President Reagan, former US Representative, and veteran financier is an insider's insider. Few people understand the ways in which both Washington DC and Wall Street work and intersect better than he does.

    In his upcoming book, The Great Deformation, Stockman lays out how we have devolved from a free market economy into a managed one that operates for the benefit of a privileged few. And when trouble arises, these few are bailed out at the expense of the public good.

    By manipulating the price of money through sustained and historically low interest rates, Greenspan and Bernanke created an era of asset mis-pricing that inevitably would need to correct.  And when market forces attempted to do so in 2008, Paulsen et al hoodwinked the world into believing the repercussions would be so calamitous for all that the institutions responsible for the bad actions that instigated the problem needed to be rescued — in full — at all costs. 

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  • Blog

    David Stockman: Blame The Fed!

    by Adam Taggart

    Friday, September 30, 2011, 3:07 PM

    0

    David Stockman, former US Representative and Director of the Office of Management and Budget under Reagan, does not mince words. He sees the monetary systems of the world coming apart.

    How did we get here? He identifies the root cause as the intentional over-leveraging of world economies by central planners in a misguided effort to enjoy growth without consequence.

    I blame it on the Fed. I blame it on the 1971 decision by Nixon to close the gold window and let the dollar float. Because out of that has evolved — or morphed — a central banking policy in the world that absorbs unlimited amounts of government debt. And so we went on what I call the “T-bill standard” or the “federal debt standard.” And the other central banks of the emerging mercantilist Asian economies — Japan, Korea, and now, especially, the People’s Printing Press of China — have absorbed this massive emission of debt that otherwise would’ve created powerful negative consequences that would’ve forced politicians to act long ago. In other words, higher interest rates, pressure for inflationary monetary policy, and the actual appearance of price inflation. But because all the bonds on the margin were being absorbed by the central banks, we got away for twenty or twenty-five years with “deficits without tears.”

    And he’s just getting started. The only thing more impressive than Stockman’s CV of insider roles in public economics and private finance is his talent for colorful metaphor.

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