Stockman: We Are At A Pivot Point In The US Economy
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Historically the mean debt to asset ratio has been 1.5... now it's SIX. So the question to ask yourself is... do you think that's made a difference. If the answer is no, hopefully you're right and you'll have a comfotable retirement with all your savings intact. If the answer is yes though... you need to hear the rest of the story.
Part 1 (parts 2, 3, 4 & 5 below)
People ask me why they should even care about the central banks... let's take a look at the $18 trillion of excess central bank balance sheets and its impact on everyday people.
Part 2
We are at the point now where EVERYTHING is going to change... the small group of people who are in charge of our fiscal policies believe the crisis is over. I think its just begun...
Part 3
The economy is never going to grow while we're carrying $40 trillion in debt. Join me a deeper look at our economy, the markets and more in my new presentation: The Donald, The Deep State, and the Undrainable Swamp.
Part 4
The Fed can't sustain this propped up economy... it's the morning after... and during the light of day, all we see is rising interest rates, increased carry costs and $18 trillion in debt.
Part 5
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