David Stockman Warns The Market's "Chuck Prince Moment" Has Arrived... "Only More Dangerous"
Authored by David Stockman via Daily Reckoning,
On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance. Prince was then canned within four months but as of that day his minions were still slamming the”buy” key good and hard: