Casino Capitalism

I came across this Hedeye interview featuring David Stockman, which was a gem. It hits the nail on the head on a plethora of issues that mire not only the financial markets, but the American politics and the coming social unrest. While each of those topics themselves are complicated and will need deep dives to read and understand, an overview should pique the interest of investors on the said topics. This 30 minute video will be time well spent and I invite you watch it and delve on the topics and rethink on what it means to your personal finances and investments.

Short Bio: David Stockman is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan. After leaving government, Stockman joined Wall Street investment bank Salomon Bros. He later became one of the original partners at New York-based private equity firm, The Blackstone Group. Stockman left Blackstone in 1999 to start his own private equity fund based in Greenwich, Connecticut.