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Stockman on Fed’s Rate Cut: ‘Peak Moment of Lunacy,’ Signals Recession’s Coming

Fox Business, Released on 7/31/19

David Stockman appears on “Cavuto: Coast to Coast” (Fox Business Network, July 31, 2019)

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, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back and Peak Trump: The Undrainable Swamp And The Fantasy Of MAGA.

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I respect Stockman a lot, he was the sole voice of reason under Reagan… but he’s been wrong a lot
since Trump took office . It seems that every time capitulation is due, the chosen ones and their
quantum computers are able to cheat the grim reaper…
almost a though they have a CERN portal that allows them alter the past to recreate a detour
around consequences… the truth is, we have no idea what’s happening, excepting one thing… the Amerikan people have fallen out of the dumb tree,
and are hitting every branch on the way down… there is (one) universal preparation that everyone
can make…. be 100% out of debt when the music stops.