David A. Stockman
• http://kingworldnews.comDavid A. Stockman: Former Dir. of the US Office of Management and Budget (USOMB), Economic Policy Maker, Politician, Financier & Acclaimed Author
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David A. Stockman: Former Dir. of the US Office of Management and Budget (USOMB), Economic Policy Maker, Politician, Financier & Acclaimed Author
Foreigners and the Fed hold large percentages of US. Treasury Bonds. What happens when foreigners reduce their need for U.S. dollars and the Fed ends QE?
Just about every middle-class and wealthy family in the US uses household help at some point. Babysitters, maids, gardeners, nannies… American homes are full of them. And if your family uses any of these services, you face a minefield of legal haza
Gary Shilling thinks the price of oil is going way lower.
Gary Shilling thinks the price of oil is going way lower.
At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here's why.
With the world's oldest central bank - Sweden's Riksbank - taking the plunge into negative rates, there have been 19 'eases' by central banks this year, Morgan Stanley warns of "ghosts of the 1930s."
e goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also
Remember when one of the hot Fed buzzwords of 2014 was "macro-prudential regulation", a phrase which was supposed to mean that the Fed can centrally plan every asst price,....
The housing and mortgage evangelists on CNBC and Fox Business are going to have to rewrite their "2015 is going to be a big year for housing!" meme. Nirvana it isn't.
Few people understand the global economy and its (mis)management better than David Stockman
18,019.35 +46.97 (0.26%)
Citigroup, Goldman and UBS are paying $235 million cash to settle mortgage securities case
One of the bigger asset bubbles in recent US history has nothing to do with stock, bonds or commodities, and unlike the real estate bust of 2007 (which has since rebounded only for the ultra-luxury segment), barely batted an eyelid during the Great F
Investor launches into breathless rant about REAL financial situation
Investor launches into breathless rant about REAL financial situation
"Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst.
Just as Detroit is coming out of bankruptcy, the entire county is about to go under. This will be especially aggravating because Detroit pensioners are already extremely upset with the pension haircuts they received.
We've estimated in the past that within two years time it will be significantly more difficult to get funds in and out of the US. Armstrong has come to the same conclusion. Most of the terrorism legislation and military and civilian terrorism measure
Rand Paul Explains What The Dollar Is Backed By: "Used Car Loans, Bad Home Loans, Distressed Assets And Derivatives"
Gallup CEO fears he might be "disappeared" for spilling truth on how bad US economic/unemployment conditions are
Gallup CEO fears he might be "disappeared" for spilling truth on how bad US economic/unemployment conditions are
Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead.
Central bankers still have not figured out the absurdity of their efforts to cure deflation via low interest rates.
I received several requests to comment on an article written by Antal E. Fekete entitled the Counter-Productive Monetary Policy of the Fed.
The Nobel Peace Laureate President Barack Obama, the guy who once campaigned claiming one US war -- the one against Iraq -- was a "bad" one, and the other -- against Afghanistan -- was a "good" one, turns out to be a man who, once anointed co
In 1792 the penalty for currency debasement was death
Our infrastructure is collapsing, and the American people know it. The Interstate 75 bridge collapse in Cincinnati on Monday is only the latest example. Every day, motorists across the United States drive over bridges that are in disrepair and on roa
Mark Faber says the biotech sector, as well as social media and chip stocks, are due for a plunge. He also thinks investors will lose confidence in central banks.
Faber: "Only one way to short central banks and that is to buy gold".