Independent thinking for complex markets and current events
During the first 11 months the trade deficit of $840 billion was up 4% from $807 billion during the same months of 2024. So Trump's 78% reduction claim is too stupid to even be considered a lie! https://t.co/JbVugAXKZs — David Stockman (@DA_Stockman) February 13, 2026
via David Stockman There is only one way to rescue America’s faltering economy and that’s the wholesale abandonment of Washington’s reckless spending, borrowing and printing policies of the last quarter century. These policies did not remotely attain their ostensible goals of more growth, more jobs and more purchasing power in worker pay envelopes. What they …
https://twitter.com/DA_Stockman/status/1812519626170876171/history
via David Stockman Jay Powell did it again assuring the 1% that he has their back. Markets recovered their poise over the last 24 hours, as investors were relieved after Fed Chair Powell stuck to his recent views on the economic outlook. In his remarks yesterday, he said that recent data didn’t “materially change the …
via internationalman: The economic policy of the bipartisan “uniparty” has been an abysmal failure. In fact, Bidenomics and Trump-O-Nomics are just two sides of the same deficient coin. They amount to the inflationary accommodation of powerful constituencies which have captured control of policy—-Wall Street for the GOP, domestic spending constituencies for the Dems and the …
New Post: A Platform Of Sound Economics For RFK To Run On, Part 2 https://t.co/D5k0ly6fzo pic.twitter.com/qrmb37F27W — David Stockman (@DA_Stockman) July 27, 2023
via brownstone.org: Here is a large caliber smoking gun. The BEA series for real personal income less transfer payments is a pretty serviceable proxy for private market output before the impact of Washington stimmies and distortions caused by transfer payments and government borrowing. After all, earned income – wages, salaries, bonuses, profits, interest and dividends …