David Stockman: True US economy about to be 'revealed'
The Federal Reserve has given another $112 billion to Wall Street. Hardly a sign of a "thriving economy." David Stockman, former budget director for President Ronald Reagan and author of "Peak Trump: The Undrainable Swamp and the Fantasy of MAGA" joins Rick Sanchez to share his insights. He argues the market "can't digest" all the money flooding into Wall Street and that the Federal Reserve responded with panic.
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