Stockman on the Feds Rate Cut

As posted to the David Stockman YouTube Channel on 3/2/20 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the devastating effects that supply chain disruptions caused by the pandemic will have on the stock market. (This is Blog Post #758) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped! A Nation on the Brink of Ruin . . . and How to Bring it Back".  His current content can be found at davidstockmanscontracorner.com, ...

U.S. Economy is a House of Cards Built on Unsustainable Debt

As posted to the David Stockman YouTube Channel on 11/12/19 David Stockman appears on RT's "The News with David Sanchez" to discuss the recent decision by the Fed to add money to the financial system through the repo markets.  Also discussed is the fact that we are at the top of the longest business cycle in history (month 130 of month 125) and in the last four months, the Treasury has borrowed $800 billion. (This is Blog Post #654) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation:...

Stockman on the Feds Rate Cut

As posted to the David Stockman YouTube Channel on 7/31/19 David Stockman appears on Fox Business Network's "Cavuto: Coast to Coast" to discuss the Fed's decision to cut rates.  Also discussed is the recent debt ceiling extension measure which will allow the National Debt to grow another 2T in the next two years. (This is Blog Post #593) David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped! A Nation on the Brink of Ruin . . . and...

As posted to the David Stockman YouTube Channel on 10/22/18 David Stockman appears on Fox Business Network's "Varney & Co." to discuss the impact of the Federal Reserve's decision to drain $600B out of the bond market and, in turn, the economy.  Stockman explains that the Fed will accomplish this by allowing their balance sheet, which reached $4.5T, to shrink by not reinvesting when Treasury Bonds mature . . . which is the same thing as selling bonds.  Stockman goes on to say that adding $600B of debt to the $1.2T budget deficit that we already have for this year, means that $1.8T of debt is looking for a home in the bond market.  It will find a home, but not at 3.2% yield on the 10...

As posted to the David Stockman YouTube Channel on 9/15/18 (David Stockman starts at time marker 0:47) David Stockman is interviewed at the 2018 Sprott Natural Resource Symposium to discuss the great $20 Trillion elephant in the room which he explains is the Balance Sheets of all of the Central Banks of the world "in excess of what it probably should be in a rational, stable, historically prudent world". David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.  He is the author of a number of books including "The Great Deformation: The Corruption of Capitalism in America" and, most recently, "Trumped!...

Debt Ceiling Holiday Ends 3/15/17 As posted to Greg Hunter's USA Watchdog YouTube Channel on February 25, 2017 Former White House Budget Director David Stockman drops a bomb in his latest interview by saying, “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother...