David Stockman urges the priority now should be ‘preserving capital’
by Adam Taggart
Chris Martenson’s Peak Prosperity
Few people alive understand how Capitol Hill and Wall Street work better than former Congressman and financier David Stockman.
And he is deeply concerned that our current political, monetary and fiscal policies are setting the stage for an epic breakdown in the economy as well as the financial markets.
Risk is being grossly mispriced right now. Asset prices are being distorted into ridiculously dangerous territory by investors caught up in a flood of cheap liquidy as well as a widespread speculative mania.
Of the blizzard of warning signals that reflect this, here’s a gem — never before have so many money-losing companies been valued so richly: