Stock Market Is Massively Overvalued With Mother of All Bubbles Waiting to Collapse | David Stockman
As part of our Outlook Series 2021, David Stockman of Contra Corner warns Daniela Cambone that the new year will not be any better than 2020. Pointing to an overvalued market and government that has been led astray, he predicts 2021 will be "the year after the joy ride with a massive accident waiting to happen." Stockman asserts that America is treading uncharted waters, and "the longer it takes to correct, the more disastrous the crash."
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