TagDavid Stockman

'Peak Trump' Author Predicts 40 Percent Drop in Stocks, Says Rally Is Irrational

Former U.S. budget director from the Ronald Reagan era David Stockman is predicting a stock market collapse. Stockman, who is also the author of a book called "Peak Trump," is not impressed by the S&P 500's three-day winning streak or the fact that the index is about close at a multi-month high after last week's declines. While most of Wall Street is cheering today's rally, Stockman is...

Trump a 'Delusional Madman' Who Will Destroy US Economy: David Stockman

donald trump

David Stockman, US budget director during the Ronald Reagan administration, continues to rake current US President Donald Trump over the coals during a whirlwind press tour designed to promote his new anti-Trump book. In his latest diatribe, Stockman calls the president an "unhinged madman" who is waging not one, not two or three, but four different wars on the US economy. Donald Trump Will Not...

Reagan's Top Economist Warns Investors Should Flee Stock Market

david stockman us stock market

David Stockman, who served as the late US President Ronald Reagan's top economic adviser, says a day of reckoning has arrived for the stock market. Stockman believes a recession is imminent and that a “bad situation” waits on Wall Street's horizon. He warns investors to exit the stock and bond markets in a recent interview with Neil Cavuto on Fox Business with a stark metaphor: "We need to wake...