Expect a Recession by Year End Says Stockman

In this clip, Former Reagan OMB Director David Stockman talks with CNBC’s Jackie DeAngelis and the Futures Now traders about a potential recession.

He states, “This time it’s different… we are looking into the jaws of a recession, it will become more evident by the week … [Everyone] in the market is going to panic when they face recession and the Fed can’t do anything…”