So what’s he going to do when March 15th comes and nothing happens? Go away? Please.
If I had $1.00 for every gloom and doom prediction in my lifetime...
Another day, another economic advisor trying to make a name for himself predicts something. They miss 4,999 times, but when they once hit, and they always do if they’re predicting on a daily basis, the 4,999 are forgotten.
All you read is, “..., who accurately predicted the 2008/09 crash.” Yep, 5,000 times, and it finally happened.
This is old, just another example of how wrong this idiot is!
David Stockman’s Just Wrong, So Buy Stocks
By MIKE NORMAN Follow | AUG 07, 2015 | 10:31 AM EDT
“I think it’s pretty obvious the top is in.” So said David Stockman yesterday in an appearance on CNBC.
I am now more bullish than ever.
No, seriously, who listens to David Stockman anymore? Stockman, of course, was Ronald Reagan’s budget director until he was summarily fired for publically worrying about deficits. (Republicans, you see, are not really concerned with deficits.)
For a long time, Stockman went away and we didn’t hear from him. However, about four years ago he turned up again and started hitting all the media outlets, talking about the coming end of the world or, I guess you can say, end of America and its economy.
Stockman has been wrong about everything. He’s been wrong about interest rates and wrong about debt and wrong about so-called “money printing” and inflation and market crashes, and just wrong.
http://realmoney.thestreet.com/articles/08/07/2015/david-stockmans-just-wrong-so-buy-stocks
Stockman stuck his head up and saw his shadow—again.
Shall I save this till March 16? What will he have to say when this doesn’t happen?
He has a good chance to be right in my opinion.
Fed has spent years pumping money into creating an artificial stock market. Trump’s surge is real but it’s on top of 8 fake years.
Unemployment has been a lie for years. It is the other prong the Fed was supposed to be watching.
Finally, the Fed has totally fabricated interest rates in terms of past methods.
We’ve flirted with 2 consecutive negative GDP quarters for a couple years, staved off only by fake numbers.
A recession is one way to take Trump down, so count on the Fed to push that direction.
Trump needs those tax cuts yesterday and the GOP isn’t delivering. They, too, want to take him down.
I hate to say it but his best chance is a war or the discovery of a new gold field.
Trump hates war, so recession is very likely.
But Obola & Pals *have* left us in a condition,financially,where we're almost completely f***ed! Just think of 2008.The ticking time bomb first set by the Rats in the 70's and 90's (remember Reno's warning to mortgage lenders not to dare deny loans to applicants "of color"?).Well,now it's $50 trillion later,national debt-wise.
I'm no expert on such matters but Stockman's basic premise...."Democrats have put us in a truly desperate situation"...seems very plausible.
Will the giant fiscal bloodbath be like the day the market fell over 700 points in doe day when Obama was in office?.
A country could save a lot of money by returning the health insurance business to the insurance companies.
He was born on a gloomy day, no doubt.
That day be in the Ides of March. Beware, David! BOO!!
Stockman is always a Debbie Downer.
I saw Stockman and thought ‘Steve’ of the
Houston area was back in the news.