Stockman: A Day Of Reckoning And The Real Force Behind The Trump Bubble
Part 1 (part 2 below)
The Federal Reserve isn't focused on what happens when interest rates normalize... but they should be.
Part 2
I'm not trying to be a Trump cynic... but the problem is that the financial crisis is so big, so all consuming, that's its way beyond any control he might have to change it.
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