Missed this one on Friday. Hat tip to The Market Ticker for catching it.
Great stuff here from David Stockman who is a guy everyone should listen to. He was basically Ronald Reagan's financial quarterbackback in the early '80's. His interview starts at the 3:20 minute mark if you are short on time.
David explains why the unumployment rate isn't going to turn around anytime soon, and also rips into how ridiculously the market is currently trading.
Enjoy!
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