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The banking system has become an agent of destruction for the gross domestic product and of impoverishment for the middle class. (David Stockman, a director of the Office of Management and Budget under President Ronald Reagan)
ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I remember David Stockman well from his time under Reagan. I remember thinking he was in a little over his head – but then again, he was saddled with making sense of Reaganomics.
I’m glad he’s still around and writing. It’s a good article… although he forgot the redundant video stores and coffee shops. I look forward to his book.
A lot of us are looking forward to the book after this piece. Should be interesting!