My guest today is David Stockman. Those that follow business and politics in the United States will recognize his name. Stockman has been a businessman, a Congressman, and Director of the Office of Management and Budget under President Ronald Reagan.
The topic is his book The Great Deformation: The Corruption of Capitalism in America.
In this episode of Trend Following Radio we discuss:
- Woodrow Wilson piece
- How Wilson brought the US into World War I and how the pain of the 1930's and the pivot point of the 20th century was connected
- Why the ATM's going dark in 2008 wasn't a true possibility
- Zero interest rate policy and how we're forcing people to spend down principal
- How the Fed can generate massive bubbles
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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Hope you enjoy my never-ending podcast conversation!
Michael Covel's Trend Following