Editor, David Stockman's Contra Corner
Contributor's Links: David Stockman's Contra Corner

David A. Stockman is the ultimate Washington insider turned iconoclast. He began his career in Washington as a young man and quickly rose through the ranks of the Republican Party to become the Director of the Office of Management and Budget under President ... more

ALL CONTRIBUTIONS

Davos Man - Misbegotten Progeny Of Keynesian Central Bankers
There were a reported 119 billionaires attending the Davos confab this year – plus the Donald, who took a day off from Impeachment to address this august gathering of the world’s movers and shakers.
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Mach Schnell, Mario! You Didn't Help A Bit
This chart says it all.
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Global Slowdown? Mexico’s GDP Declines Year-Over-Year For First Time Since 2009
In the third quarter of 2019, Mexico notched up its first year-over-year decline in GDP since the final quarter of 2009, when it was in the midst of a sharp recession brought on by the Financial Crisis.
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What Strong Jobs Market?
The US economy has generated just 11,000 breadwinner jobs per month for the last 19 years running.
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65 Years Of More Debt, Less Growth
This chart on the non-financial corporate debt to GDP ratio says it all.
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August Payrolls---Punk And Heading Worse
As in the headline, there are a number of details inside the payroll reports suggesting an unusual level of downside.
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STOCKS I FOLLOW

GOOG Alphabet Inc. (Google)
HAL Halliburton Company
MSFT Microsoft Corporation
SPY SPDR S&P 500
XOM Exxon Mobil Corporation

TWEETS

PERSONAL BLOG

Latest Posts
Record Highs And Raging Risks—The Mother Of All Head-Scratchers
Booming market optimism in the face of what has been unfolding in China will ensure years and even decades of head-scratching.
Oooops! Soybean Prices Plunge To Six Week Low
Chicago Board of Trade soybean futures plunged to a six-week low on Friday
Don’t Be Too Sure That It Will All Blow-Over
Don’t be too sure that the coronavirus will blow over and have no effect on global growth.
Global Manufacturing PMIs-Still Slipping And Sliding Southward
Manufacturing in the US is growing at crawl-speed or is actually declining, depending on who the beholder is. China appears to be on a similar track.
Recessions: Market Cures And Central Banking Sugar Pills
Stimulus efforts tend to be counter-productive since governments naturally attempt to prop up existing businesses and existing sectors.
Who Is Buying Subzero Bonds? Currency-Hedged Foreigners And Price-Chasing Momos
The fact that the US has positive nominal yields means little when they net to even lower yields when FX hedged vs Europe or Japan.
Emperor Xi Goes Full Orwell
Look where Chinese cities rank in this chart of most surveilled cities in the world.
Rigged? Nah!
It's the liquidity stupid!

Work Experience

Owner, Editor
David Stockman's Contra Corner
March 2014 - Present (6 years 1 month)
David Stockman's Contra Corner is the place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked
CEO
Collins & Aikman Corporation
2003 - 2005 (2 years 2 months)
Founder
Heartland Industrial Partners
1999 - 2005 (6 years 3 months)
Partner
Blackstone Group
1988 - 2001 (13 years 4 months)
"Intern"
Salomon Brothers
1986 - 1988 (2 years 2 months)
Director of the Office of Management and Budget
Executive Office of the President of the United States
1981 - 1985 (4 years 2 months)
Congressman
United States House of Representatives
1977 - 1981 (4 years 2 months)

Education

Harvard University
1974 / 1975
Graduate Studies
Harvard University
1968 / 1970
Graduate Studies
Michigan State University
BA
1965 / 1968
History

Publications

The Great Deformation: The Corruption of Capitalism in America
David Stockman
PublicAffairs
04/02/2013
The Great Deformation is a searing look at Washington’s craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state—especially the Federal Reserve—has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. These forces have left the public sector teetering on the edge of political dysfunction and fiscal collapse and have caused America’s private enterprise foundation to morph into a speculative casino that swindles the masses and enriches the few.
http://www.amazon.com/The-Triumph-Politics-Reagan-Revolution/dp/1610392779
David Stockman
PublicAffairs
03/26/2013
As Director of the Office of Management and Budget in the early 1980s, David Stockman was a chief architect of the Reagan Revolution—a bold plan to cut taxes and reduce the scope and cost of government. The Triumph of Politics was Stockman’s frontline report of the miscalculations, manipulations, and political intrigues that led to its failure. A major publishing event and New York Times bestseller in its day, The Triumph of Politics is still startling relevant to the conduct of Washington politics today.
David Stockman's Contra Corner
David Stockman
David Stockman
David Stockman's Contra Corner is the place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked.