David Stockman, David Stockman’s Contra Corner, 6/6/16
Whatever is going on in the daily stock market, you can’t call it “price discovery” or even remotely rational.
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.