Sep 6, 2017
David Stockman is the bestselling author of Trumped and The Great Deformation. He joins Albert at the 2017 Sprott Natural Resource Symposium following his keynote address.
** Tweet comments @AlbertKLu #davidstockman **
Interview Highlights
[0:28] All prices are falsified and distorted
[2:44] Stock prices are a pig going through a python
[3:27] Can the Fed shrink the balance sheet without crashing the
bond market?
[4:16] Everybody is a speculator now
[5:43] How big is the repo financing problem in the bond
market?
[8:37] The Great Reagan Expansion was actually an experiment in
Keynesian economics
[10:52] Sell the stocks. Sell the house. Sell the wife. Sell the
kids. Sell everything.
About the guest
David Stockman is the ultimate Washington insider turned
iconoclast. He began his career in Washington as a young man and
quickly rose through the ranks of the Republican Party to become
the Director of the Office of Management and Budget under President
Ronald Reagan. After leaving the White House, Stockman had a
20-year career on Wall Street.
Contact him via:
Web: http://davidstockmanscontracorner.com/
About the host: Albert Lu is the President & CEO of Sprott US
Media.
Contact him via:
Twitter @AlbertKLu
Web at http://sprottmedia.com