For those that have an attention span longer than 30 seconds, this 30 minute discussion is worth watching. Former Reagan Budget Director David Stockman offers plain talk and valuable historical perspective on how and why the world arrived where we are today. He talks about the economy and where he sees it leading taxpayers, investors and savers in the near future. Here is a direct link.
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Cory’s Chart Corner
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Hey ….no worries….Super Mario said he will do whatever it takes (to save the Euro)….well need we here more ….. the boyz with the hot trigger finger are hitting the ask all day ….tommorrow is a whole new day….are we ready!!
Nice to see David Stockman has found religion ….wonder if he remembers his role as Reagan’s right hand man and the failed trickle down fiasco.
Excellent, in-depth interview that explains the true state of financial/economic/monetary reality. You can’t get this kind of long-run discussion on the MSM financial propaganda outlets. It reminds me of old interviews with Fletcher Prouty, who also explained how the world really works vis-a-vis CIA, military intelligence and the like of that realm. Only, not many people listen because these guys don’t holler and gesticulate wildly while dynamic broadcast graphics, music and sound effects create cacophonous overstimulation to get the stock jockey wannabes all pumped up. No, these guys tell it in a frank, matter-of-fact way that can make the Kennedy assassination sound boring. But people should listen.
His Impressively detailed argument buttresses his opposition to bail-outs. I wonder how Bernanke is sleeping. As history is showing us the cancer of debt continues to eat away at our prosperity and safety.