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David Stockman: Sell the House, Sell the Wife, Sell the Kids

Sprott Media, Released on 9/6/17

David Stockman is the bestselling author of Trumped and The Great Deformation. He joins Albert at the 2017 Sprott Natural Resource Symposium following his keynote address.

Interview Highlights:
[0:28] All prices are falsified and distorted
[2:44] Stock prices are a pig going through a python
[3:27] Can the Fed shrink the balance sheet without crashing the bond market?
[4:16] Everybody is a speculator now
[5:43] How big is the repo financing problem in the bond market?
[8:37] The Great Reagan Expansion was actually an experiment in Keynesian economics
[10:52] Sell the stocks. Sell the house. Sell the wife. Sell the kids. Sell everything.

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 of The Great Deformation: The Corruption of Capitalism in America and Trumped! A Nation on the Brink of Ruin… And How to Bring It Back.

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