Even a non-calculating observer knows of the strong relationship between POMO operations and the stock market over the past few years. Most important is the artificiality of pushing up the stock market and its inevitable deflation.
Tag Archive for David Stockman
Contributors- Economic and Financial, Must Read
Shooting Stars – Frederick J. Sheehan
by Frederick Sheehan • • 0 Comments
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and “The Coming Collapse of the Municipal Bond Market” (Aucontrarian.com, 2009…
Contributors- Economic and Financial, Must Read
David Boies v. Citizen Ben S. Bernanke- Frederick W. Sheehan
by Frederick Sheehan • • 0 Comments
A splendid opportunity is in the offing, though it is premature to expect the earth to quake. As background, Hank Greenberg, former chairman of AIG, is suing the United States. The case itself is not the subject here. Starr International Company, in which Greenberg is housing his lawsuit, was the largest shareholder in AIG on September 16, 2008, the day when the U.S. government “seized control of AIG” (quoting from the September 17, 2008, Wall Street Journal).
Contributors- Economic and Financial, Must Read
Real and Illusory Credit – Frederick J. Sheehan
by Frederick Sheehan • • 0 Comments
“When Ro-Ro goes No-No” expounded upon the ultimate futility of conjuring illusory wealth. Bernard Connolly’s analysis, “Rethinking the Rogoff-Reinhoff Thesis,” made the case. Connolly wrote This Time is Different: Eight Centuries of Financial Folly, “is largely an exercise in measurement rather than theory (while many of the data in the book are new, little or…
Contributors- Economic and Financial, Must Read
Speaking Up for Deformity – Frederick J. Sheehan
by Frederick Sheehan •
In a favorable review of David Stockman’s The Great Deformation: The Corruption of Capitalism in America, a critic winds down with a sigh. Stockman’s prescriptions are “blue sky” and will not be adopted by today’s Washington. Of course they won’t, but, since he generally agreed with Stockman’s take, what does the commentator want? A…
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The Emperor is Naked: David Stockman (via ReInVent) – Complete Interview
by Newswires • • 0 Comments
(via ReInVent) The Emperor is Naked: David Stockman Source: Karen Roche and JT Long of The Gold Report (5/4/12) A “paralyzed” Federal Reserve Bank, in its “final days,” held hostage by Wall Street “robots” trading in markets that are “artificially medicated” are just a few of the bleak observations shared by David…
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Why David Stockman isn’t buying it
by Bears Chat at The Wall Street Examiner • • 0 Comments
Stockman suggests you’d be a fool to hold anything but cash now, and maybe a few bars of gold. He thinks the Federal Reserve’s efforts to ease the pain from the collapse of our “national leveraged buyout” — his term for decades of reckless, debt-fuel…
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David Stockman Tells Bloomberg TV, Stock Market Delusional
by Lee Adler • • 0 Comments
David Stockman tells Bloomberg’s Trish Regan, “The stock market is delusional.” Watch video here. Bloomberg
Bruce Krasting, Contributors- Economic and Financial, Lee's Free Thinking, Must Read
Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper
by Newswires • • 7 Comments
The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.
The LFPR hit a new record low …
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Bernanke An Arsonist Lecturing On Fire Prevention
by Lee Adler • • 0 Comments
David Stockman was interviewed on Yahoo’s Daily Ticker this morning, and as usual, he had some choice words for Congress and Bernanke.
