David Stockman economy

David Stockman Exposes Trump’s ‘Davos Delusions’

"Somehow the Donald managed to say less during his 15 minutes of fame at Davos  than even the swamp creatures he abhors might have offered up. But the pity of it is that the whole thrust of what he did say was dead wrong."

"Somehow the Donald managed to say less during his 15 minutes of fame at Davos  than even the swamp creatures he abhors might have offered up. But the pity of it is that the whole thrust of what he did say was dead wrong."
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6 comments on “David Stockman Exposes Trump’s ‘Davos Delusions’

  1. I’ve been enjoying the David Stockman pieces – maybe it’s just the nihilist in me. But he does make Albert Edwards look like the god of optimism!

  2. See that dip in the first chart from 1985-95, that’s what happens when you systematically destroy unions.

  3. He really is angry, I’ll say that for him

    • He was also the motivation on Kill the Poor by the DK’s

      “Efficiency and progress is ours once more
      Now that we have the Neutron bomb
      It’s nice and quick and clean and gets things done
      Away with excess enemy
      But no less value to property
      No sense in war but perfect sense at home
      The sun beams down on a brand new day
      No more welfare tax to pay
      Unsightly slums gone up in flashing light
      Jobless millions whisked away
      At last we have more room to play
      All systems go to kill the poor tonight
      Gonna kill kill kill kill kill the poor
      Kill kill kill kill kill the poor
      Kill kill kill kill kill the poor tonight
      Behold the sparkle of champagne
      The crime rate’s gone, feel free again
      Oh, life’s a breeze with you, Miss Lily White
      Jane Fonda on the screen today
      Convinced the liberals it’s okay
      So let’s get dressed and dance away the night”

  4. regarding Rosenbergs quote about savings rate from 3.3% to 2.6% would have changed teh PCE number from 3.8% to .8%, resulting in a lower GDP print……might someone briefly explain how these are interrelated/interdependent?
    i would have though had we still saved a lot, it would depress gdp, personal consumption declines(?) with less saving. if the PCE is the deflator, then OK i see the math, but how is saving less/spending more connected to the PCE?

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