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
The Fed Is Lost: David Stockman (Video) added by Herman James on
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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
We can only hope the failure of negative rates in Japan and Europe will be so obvious by that time that Americans will put enough political pressure on Yellen to prevent her from going down that road