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

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Your Ain't Seen Nothin' Yet - More On The Donald's MAGA Delusions And Others
The individual tax rate cuts, credits and 20% deduction for business income in the GOP tax bill cost upwards of $200 billion per year, but were written in disappearing ink. Donald now thinks it would be swell if they were made permanent.
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The Delusions Of MAGA And The Return Of Honest Bond Yields, Part 4
As bond yields march relentlessly higher, corporate earnings are going to be hammered by rising interest expense - even as C-suites and boards get called to account for having borrowed trillions in order to feed financial engineering payments.
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Sell The Rips---The Delusions Of MAGA, Part 3
Since the election, inflation-adjusted paychecks have gone nowhere and almost anything else you can name business investment, employment and even real GDP continue to slog along in the tepid "recovery" channel that has prevailed since 2010.
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The Delusions Of MAGA, Part 2
The US economic expansion is not roaring; it's still stumbling into debt-ridden old age---fixing to be battered by another round of collapsing financial bubbles and payback for growth stolen from the future.
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The Delusions Of MAGA
The Donald took to some bragging during yesterday's annual tax filing moment assuring America's oppressed taxpayers that happier times beckon. In fact, he insinuated that MAGA is not just a slogan.
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The March Labor Market Update: Feebleness And Malfunction
The labor force hasn’t grown because the economy hasn’t. It really is just that simple.
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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 (4 years 2 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 4 months)
Founder
Heartland Industrial Partners
1999 - 2005 (6 years 5 months)
Partner
Blackstone Group
1988 - 2001 (13 years 6 months)
"Intern"
Salomon Brothers
1986 - 1988 (2 years 4 months)
Director of the Office of Management and Budget
Executive Office of the President of the United States
1981 - 1985 (4 years 4 months)
Congressman
United States House of Representatives
1977 - 1981 (4 years 4 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.