David Stockman: A recession is imminent, but don’t expect another rescue

Jackie DeAngelis, CNBC, Released on 10/11/16

Is recession around the corner? David Stockman discusses the economy and gives his market outlook.

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.

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