Stockman: Trump Is Going After The Fed

David Stockman discussed on Wednesday exactly why he believes the shake up by a potential Donald Trump White House would be a good thing for the U.S economy.

Stockman, former OMB director under the Reagan Administration, appeared on CNBC Fast Money to cover his new book, TRUMPED! out now.

“I think the markets have totally underestimated why the phenomenon has happened. His odds of winning and the consequences if he does. I think it is pretty evident the elephant in the room of American politics is the Fed. The Fed has been killing Flyover America. Flyover America is that huge space between the two coasts.”

David Stockman Trumped!Source: CNBC Fast Money

David Stockman went on to say that, “When the markets figure out there there is a new sheriff in town there is potentially a whole new regime that isn’t the Washington-Wall Street establishment… that has been running things for the last 25 years, I think there will be panic because there is nothing to hold this market up.”

Click on the link here or the image above to catch Stockman’s discussion on Trump with the Fast Money panel on CNBC.

For more on Stockman’s latest book TRUMPED! A Nation on the Brink of Ruin… And How to Bring It Back find it here.

Regards,

Craig Wilson
for the Daily Reckoning

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