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

They're Back - Long Live The Bond Vigilantes!
Most of today's stock speculators don't remember the bond vigilantes and wouldn't even recognize one in the flesh.
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Why This Time Is Very Different
The government bond free money carry trade is just the beginning of the distortion and deformation flowing from monetary central planning. What happens next is the hunt for yield.
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The Greatest Bubble Ever: Why You Better Believe It, Part 2
For the first time ever both the Fed and the US Treasury will be dumping massive amounts of public debt on the bond market---upwards of $1.8 trillion between them in FY 2019 alone---and at a time which is exceedingly late in the business cycle.
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The Greatest Bubble Ever: Why You Better Believe It
The central banks are out of dry powder and belatedly recognize that they have stranded themselves on or near the zero bound where they are saddled with massively bloated balance sheets.
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What The GOP Pols Have Wrought - A Fiscal, Economic And Political Monster
The GOP tax bill is not "at least something". It's not "better than nothing". And, no, we are not letting the perfect become the enemy of the good.
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The Coming Fiscal Derailment - Why FY 2019 Will Sink The Casino
Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars.
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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

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PERSONAL BLOG

Latest Posts
Chart Of The Day: Not To Worry! Junk Bond Yield Premium Narrows To Three Year Low
In today's chart of the day, view how the junk bond yield premium is at a three year low.
The Donald Nailed It: “We Are In A Big Fat Ugly Bubble”
Most of the 90 minutes last night was a waste—with both candidates lobbing well-worn clichés, slogans and sound bites at the audience and each other. But there was one brief moment that made it all worthwhile.
Chart Of The Day: Eliminate Drug And Immigration Laws—Empty The Federal Prisons
David Stockman features an eye-popping chart that highlights a solution to prison overcrowding and saving taxpayer money.
Bloodlust Of The Neocons—Bill Kristol’s Mendacious Claptrap On The Iran Deal
Bill Kristol is the epitome of the neocon mindset: cultivating a staid and urbane image while writing the most unhinged and mendacious claptrap.

Work Experience

Owner, Editor
David Stockman's Contra Corner
March 2014 - Present (3 years 11 months)
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 1 month)
Founder
Heartland Industrial Partners
1999 - 2005 (6 years 2 months)
Partner
Blackstone Group
1988 - 2001 (13 years 3 months)
"Intern"
Salomon Brothers
1986 - 1988 (2 years 1 month)
Director of the Office of Management and Budget
Executive Office of the President of the United States
1981 - 1985 (4 years 1 month)
Congressman
United States House of Representatives
1977 - 1981 (4 years 1 month)

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.