Posted on 08/07/2017 6:54:05 AM PDT by EdnaMode
David Stockman, who headed the Office of Management and Budget under Ronald Reagan, in a new commentary warns: Ultimately, the hammer of fiscal crisis and a crashing stock market will break any remaining loyalty of the GOP elders as they smell the 2018 elections turning into a replay of the rout of 1974.
And then the Donald will be gone, and well before August 2018, too. I told an audience in Vancouver last Friday that it could happen by February.
The bottom line is that the Swamp is so undrainable that it will end up making mincemeat of Donald Trump....
In essence, the Donald is the ultimate bull in an exceedingly fragile China shop — and an already badly wounded one at that.
So it is no understatement to suggest that the S&P 500 at 2470 and the Dow at 22,000 is about as fragile as the “market” has ever been.
And Amazon, poster boy for Bubble Finance, is trading around 190 times earnings.
Any untoward pinprick could send it into a tailspin — meaning that the coming political bleeding-out of the Donald amounts to a 50,000 pound pin.
It’s the mighty Orange Swan that will lay the casino low like never before. At the moment, I am not as concerned about the economy as Stockman. I see short-term trouble ahead for the stock market but I don't necessarily see the stock market causing another major recession in the near term.
That said, how will the unpredictable Donald Trump deal with a market crash? Will he spook the entire system?
And what about all the generals that surround him?
And if Trump makes it through February, will he make through the Ides of March?
Not even Julius Ceasar could make it through that mark on the calendar with angry senators around him.
That whole outlook seems pretty pessimistic. Now maybe David Stockman knows something we don’t, but I cannot imagine of that many sheep heading over the cliff at one time, unless there is a very concerted effort being made and an attack being readied from a totally unexpected direction.
Predictions alone are cheap and not worthy of consideration, unless some reason to believe the validity of a prediction is also offered.
This is about as useful as predictions of rainbows and unicorns.
He wasn’t going to win the nomination. He wasn’t going to win the election. He was going to be out by October. Now it’s February.
Keep going with the predictions... meanwhile, we keep making progress.
These dummies really want war, don’t they?
Stockman ====> buy gold, stash it under your bed next to the cans of hash and wait for the economy to crash.
Fine.
Get rid of Trump................
....then you WILL REALLY SEE ‘mincemeat’, buddy.
(Who-o da ya think has been buying all them AR’s, anyway? Hillary’s people??)
He was on Fox Business News Election Night spreading his gloom and doom - the economy was going to crash, stock market is bad, too much debt, etc. None of what he said has come to pass, other than at Midnight saying the math was giving the presidency to Trump.
“That whole outlook seems pretty pessimistic.”
For the swamp-dwellers, yes. THEIR days are numbered.
They keep referring to the Trump agenda and the Trump presidency
Its the people’s agenda and the Donald is only saying out loud what the people think
The losers cannot win
The antiTrumpers cannot win
They do not have the heart and the will and the consent of the people
And after being “taken to the woodshed” by President Reagan, he was proved to be WRONG when The Reagan Economy was the best in decades.
I even had some libtard-leaning kid try to tell me that “all this trouble started in the 80’s”, which was before he was born.
I told him that since he was not alive at the time he was TAUGHT LIES and should look it up for himself because the 80’s were an economic gold mine which led to the 90’s and computers, cell phones, the internet, etc etc etc...
“Not even Julius Ceasar could make it through that mark on the calendar with angry senators around him.”
LMAO. They will impeach Trump because of a stock market crash? Dumbass.
The bottom line is that the Swamp is so undrainable
*************
On that one point, he may be right. The corruption in DC is entrenched and runs very deep.
“The market is crashing?”
Yes, through the ceiling. One wonders whether people like Stockman use this kind of rhetoric to make money on stocks they’ve shorted.
That’s DC talk. Speak to those in fly-over country.
Yup. Stockman seems to have devolved into an angry old man. He makes some good points, but makes the mistake of extrapolating them out to infinity.
If you listened to him on the Stock Market, you would be a LOSER LOL
Thought David Stockman’s name was familiar to me.
I remember him from 2012, when he basically campaigned for Obama. So he’s basically a liberal democrat.
That’s the Year 2525...
Exactly. They can’t even get one prediction right!
Then the country could be in flames by March.
Trump gone by February? For how many Februaries past has Stockman been gone?
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