David Stockman: The World Economy Is At An Epochal Pivot

A 'great reset' approaches...

David Stockman warns that the global economy has reached an "epochal pivot", a moment when the false prosperity created from $trillions in printed money by the world's central banks lurches violently into reverse.

There are few people alive who understand the global economy and its (mis)management better than David Stockman -- former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier -- which is why his perspective is not to be dismissed lightly. He knows intimiately how how our political and financial systems work, as well as what their vulnerabilties are.

And Stockman thinks the top for the current asset price bubble era is in -- specifically, he thinks it hit its apex in January 2018.As this "Everything Bubble" prepares to burst, Stockman estimates the risk of economic crisis is as great, if not greater than, the 2008 Great Financial Crisis because of the radical and unsustainable monetary policy expansion the central banks have pursued over the past decade.

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