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Economic Torture Incoming With David Stockman

Lead-Lag Live

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How You Dish - The World's First Network for Foodies

The idea that you can't find a good place to land is a little disconcerting. But on the other hand, it's not totally crazy because if you've gone through a sustained multi-year, multi-decade, everything bubble, well then by definition, there isn't much left that didn't get the tap on the shoulder and become the hot asset class for a moment. The whole idea that we build wealth on the liability management and reductions side rather than on the assets side is very foreign at the moment. That's the big thing that's going to change, I think, for a good while to come.

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