David Stockman: 40% Market Plunge Virtually Inevitable

"There's no Trump boom; we're near the end of this cycle."

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.