Category: David Stockman’s Contra Corner

Accounting Fraud & Freight Recession Topple Celadon, Largest Truckload-Carrier Bankruptcy in US History

Accounting Fraud & Freight Recession Topple Celadon, Largest Truckload-Carrier Bankruptcy in US History

Celadon Group, one of the larger full-truckload operators in the US with about 3,000 drivers and about 2,700 tractors, said today – confirming days of rumors – that it filed for Chapter 11 bankruptcy...

Tall Paul Volcker, The Last Central Banker—R.I.P. (Part 2)

Tall Paul Volcker, The Last Central Banker—R.I.P. (Part 2)

Enter your username and password to login Username Password Remember Me Forgot Your Password?

Pentagon Papers 2.0—Vietnam Lies In The Hindu Kush

Pentagon Papers 2.0—Vietnam Lies In The Hindu Kush

The Pentagon cannot be pleased with the Washington Post today. That’s because the Post has just disclosed a mountain of previously secret documentary evidence within the military showing that the Pentagon has been intentionally...

Tall Paul Volcker, The Last Central Banker—R.I.P.(Part 1)

Tall Paul Volcker, The Last Central Banker—R.I.P.(Part 1)

Enter your username and password to login Username Password Remember Me Forgot Your Password?

Mystery Profits Meat: Is It Possible That S&P 500 Companies Make Money And No One Else Does?

Mystery Profits Meat: Is It Possible That S&P 500 Companies Make Money And No One Else Does?

The key takeaway here is that over the past 4 years S&P 500 companies after-tax profits increased 50%, while the earnings of everyone else recorded a decline of roughly 30%.   How can that possibly...

Waiting…..For The Brown Stuff To Hit the Fan

Waiting…..For The Brown Stuff To Hit the Fan

Let’s stipulate that 2019 has been a giant rescue operation, a central bank induced multiple expansion: I would argue that everything changed in October when the repo scare forced the Fed to go full...

Roots Of Washington’s Forever Wars: The Bellicose Lame-Brains Of The U.S. Senate

Roots Of Washington’s Forever Wars: The Bellicose Lame-Brains Of The U.S. Senate

  Ambassador Marie Yovanovitch, Senator Lindsey Graham and Senator John McCain meeting with corrupt Ukraine President Petro Poroshenko in December 2016.

The Greatest Central Bank Blow-Off Top Ever

The Greatest Central Bank Blow-Off Top Ever

As the late Dr. Kurt Richebacher would often repeat, “the only cure for a Bubble is to not let it inflate.” Certainly, the longer Bubbles expand the greater the underlying fragilities – ensuring timid...

Why The Fed Detests Free Markets

Why The Fed Detests Free Markets

I’ve said multiple times before that there are no more markets really, or investors, because central banks have killed off the markets. There are still “contraptions” that look like them, like the real thing,...

Ooops! 60% Of Americans Don’t Even Know About The Bull Market Bull

Ooops! 60% Of Americans Don’t Even Know About The Bull Market Bull

Interesting piece by the FT today that only one-third of Americans feel the benefits of the great bull market.   Only 40 percent of the population realizes stocks are up for the year.  These are tough numbers...

The Menace On Wall Street And The Gong Shows Of Washington

The Menace On Wall Street And The Gong Shows Of Washington

Enter your username and password to login Username Password Remember Me Forgot Your Password?

The Whirling Dervish Spins Again: POTUS To Send 14,000 More US Troops To The Middle East

The Whirling Dervish Spins Again: POTUS To Send 14,000 More US Troops To The Middle East

In the latest reversal to his campaign promise to bring American troops home, the Trump administration is considering “significantly expanding” the US military footprint in the middle east, by sending as many as 14,000...

Little Marco Rubio: Anti-Market Neocon Phony Conservative

Little Marco Rubio: Anti-Market Neocon Phony Conservative

Marco Rubio is the latest public figure to join the burgeoning anti-liberal and anti-market movement masquerading itself as being defending “the common good” from the greedy claws of the rapacious capitalists. Writing in National...

China Calling The Great Dealmaker’s Bluff: Roll-Back Existing Tariffs Or No Phase 1  Fig Leaf

China Calling The Great Dealmaker’s Bluff: Roll-Back Existing Tariffs Or No Phase 1 Fig Leaf

Until now, China had largely kept the key hurdles in the ongoing US-China trade talks close to the vest, fearful that “breaking the embargo” so to speak on what have been confidential talks so...

Next They’ll Come For Your Savings

Next They’ll Come For Your Savings

Unfortunately, this is now the hive-like opinion in the international monetary order. You better watch out. The globalists are coming for your savings – and they have already initiated the war on your piggy...

Thanksgiving, Socialism, and the Free Market

Thanksgiving, Socialism, and the Free Market

it would be appropriate today to remember that the original Thanksgiving celebrated the demise of the “spread-the-wealth” economic system that the colonists at Plymouth Rock initially established.The story of socialism at Plymouth Rock is...

The Phony UkraineGate Witch Hunt And The Neocon Russophobia From Whence It Arose

The Phony UkraineGate Witch Hunt And The Neocon Russophobia From Whence It Arose

Enter your username and password to login Username Password Remember Me Forgot Your Password?

The Russkies Are Coming! The “Resistance” Digs Its Hole Deeper

The Russkies Are Coming! The “Resistance” Digs Its Hole Deeper

These truthless assertions are meant to let both the CIA and the FBI off-the-hook for opening the “Crossfire Hurricane” investigation on bogus evidence they furnished to the FISA judges. Both Goldman’s news story and...

Capitalist Prosperity In Peril, GOP Conservatives Gone AWOL, Part 1

Capitalist Prosperity In Peril, GOP Conservatives Gone AWOL, Part 1

Enter your username and password to login Username Password Remember Me Forgot Your Password?

Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust

Fracking Blows Up Investors Again: Phase 2 of the Great American Shale Oil & Gas Bust

And it’s brutal on investors at prevailing prices. The industry has been cash-flow negative from get-go. The high prices of oil and gas the industry needs to be cash-flow positive are being prevented by...

Told Ya! New Leaks Prove Douma “Gas Attack” Never Happened

Told Ya! New Leaks Prove Douma “Gas Attack” Never Happened

A new addition to the body of leaks which have been hemorrhaging from the OPCW shows that such skepticism was indeed entirely warranted. A leaked email sent shortly before the interim report was published reveals that the chlorinated...

Yes, They Did! Overwhelming Evidence of Ukraine’s 2016 Anti-Trump Meddling In US Election

Yes, They Did! Overwhelming Evidence of Ukraine’s 2016 Anti-Trump Meddling In US Election

Let’s start with a fact: Meddling in the 2016 election by Ukrainian politicians and government agencies happened. The above is true and no amount of denial is going to change that. What’s more: Ukrainian...

28 Facts Which Crush Lt. Colonel Vindman’s Claim That Ukrainian Meddling In The 2016 Election Is Russkie Disinformation

28 Facts Which Crush Lt. Colonel Vindman’s Claim That Ukrainian Meddling In The 2016 Election Is Russkie Disinformation

And so Lt. Col. Vindman, here are the 28 primary factual elements in my Ukraine columns, complete with attribution and links to sourcing. Please tell me which, if any, was factually wrong.    ...