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Home Tag Archives: Stockman

Tag Archives: Stockman

David Stockman says coronavirus is sparking a financial crisis, warns ‘Wall Street is toast’

By Loknath Das
March 20, 2020
in :  Finance
Comments Off on David Stockman says coronavirus is sparking a financial crisis, warns ‘Wall Street is toast’

Main Street may be more resilient than Wall Street during the coronavirus crisis. Former Office of Management and Budget director David Stockman warns the pandemic is exposing risky speculation and shaky market fundamentals. “Wall Street is toast,” he told CNBC’s “Trading Nation” on Thursday. “It’s going to end as a financial crisis because the illusion that central banks always have …

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