David Stockman, David Stockman’s Contra Corner, 6/28/16
Talk about not waiting for the body to get cold. The establishment oracles are out in force today proclaiming that Brexit has already been cancelled. Apparently, like in the case of the first negative vote on TARP, two days of currency and stock market turmoil have taught the rubes who voted for it the errors of their ways.
The argument is that the unwashed masses outside of Greater London have shot themselves in the foot economically based on some atavistic fears of immigrants and cultural globalization. Why, right soon they will demanding a second referendum in order to get back on the EU’s purported economic gravy train.
Thus, Gideon Rachman, one of the Financial Times numerous globalist scolds, professed that his depression about the Brexit vote has already given way to a worldly vision of relief:
David Stockman is a former Republican congressman from Michigan and was President Reagan’s budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman’s Contra Corner, and he is the author, most recently, of The Great Deformation: The Corruption of Capitalism in America.