In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is a lot. Today, after serial bubble after serial bubble, the top five per cent have net… — David Stockman Copy Share Image
Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction, and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became… — David Stockman Copy Share Image
In 1985, the top five percent of the households - the wealthiest five percent - had net worth of $8 trillion - which is… — David Stockman Copy Share Image
I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost… — David Stockman Copy Share Image
I don't think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business.… — David Stockman Copy Share Image
In short, Mr. Ryan’s plan is devoid of credible math or hard policy choices. And it couldn’t pass even if Republicans were to take… — David Stockman Copy Share Image
The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling… — David Stockman Copy Share Image
I'm just not going to spend a lot of political capital solving some other guy's problem in 2010. — David Stockman Copy Share Image
I think we're so addicted to bubble finance at the Fed that they can't get out of the corner they painted themselves into. I… — David Stockman Copy Share Image
The Ryan plan isn't a budget. It's the last will and testament of the Republican party. — David Stockman Copy Share Image
The problem is that you're creating a system of bubble finance where interest rates are so low that people can speculate. An asset value… — David Stockman Copy Share Image
The Republican Party, as much as it pains me to say this, should be ashamed of themselves. — David Stockman Copy Share Image
Bernanke has cultivated this idea that he is a brilliant scholar of The Great Depression, but that’s not true at all. — David Stockman Copy Share Image
Look at what's happening between Main Street and Wall Street. The stock market index is up 136 percent from the bottom. Middle class jobs… — David Stockman Copy Share Image
