The Fed Is Lost: David Stockman (Video)

Betty Liu, Bloomberg Business, Released on 2/9/16

David Stockman offers his view of the U.S. economy and supports his assertion that the Federal Reserve is lost and needs to resign. He also discusses Donald Trump and the present condition of politics in America.

For Part 2 of this Interview, CLICK HERE

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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the make believe economy

soaring deficits will force yellen to pull trigger on neg rates. deficits in real numbers are rippin higher at the faster rate since, well ever.washington burnin through qtr trillion a month and rising fast,state govts also spendin like theres no tomorrow,rackin up billions in red ink