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.
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…
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).
“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…
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…
(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…
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…
David Stockman tells Bloomberg’s Trish Regan, “The stock market is delusional.” Watch video here. Bloomberg
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 …
David Stockman was interviewed on Yahoo’s Daily Ticker this morning, and as usual, he had some choice words for Congress and Bernanke.
