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.
The truth is...even if the economy was to burst, we have no better man in the White House right now to deal with it.
They plan on crashing it to help get rid of Trump. Time is now to very publicly, in every way, tell them we know what they plan to do. Expose them now, so when and if they do plan this trick, the blame falls on deep state where it belongs.
They want civil war? They sure are asking for it.
Stock has not been sane nor correct for decades!
He must have gone to the play in Central Park and had a wet dream later that night.
The good news is that no one really (well, except maybe Zero Hedge) puts much ‘stock’ in Stockman.
Witch Pelosi stands over you with her wand. You close your eyes, click your ruby slippers three times, and say, “There’s no place like home”. You wake up with Auntie Cankles and Uncle Jeb smiling over you and you repeat to them, “There’s no place like home,” The Universe is right again.
It’s interesting that stockman has become a spokesman for the left.
So, Dave...what if you’re wrong?
If you’re so confident in your ability to predict, then buck up and put your money where your mouth is. Say, you put up your entire life savings, and any other assets on this little bet.
If you’re wrong you can go live in section 8 housing, and live off Social Security.....Otherwise, Mr. Stockman STFU.
The market is crashing?
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Stockman has been repeatedly predicting a crash for many years now. You would think he might, by now, admit to being more than a little off on his predictions.
That said, when a correction does come along (for whatever reason) it will be a significant one and it wouldn’t take much to trigger a sell off. Market valuations right now are quite high across the board. A correction is about 10%; a crash is a decline of 20%, or more. Something in between would be a drop of over 3,000 points on the DOW.
Its been a long bull run and every one of them has had a correction over the past 40 years. Just saying.
“The bottom line is that the Swamp is so undrainable that it will end up making mincemeat of Donald Trump....” THAT kind of oral flatulence is the sort of thing that brings Divine Intervention. God WILL intervene for His man, Trump.
If man is still alive......
Corrected it for you.
Great find. This tells all we need to know about this butt wipe:
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.
If you’re so confident in your ability to predict, then buck up and put your money where your mouth is.
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I’m not hearing him say he is shorting the market. He’s probably long AMZN. LOL
Stockman’s Indian name = “Doesn’t Know When to Retire”
July, 2015: His candidacy will be over by August 1, 2015. Count on it.
[Repeat monthly through October 2016]
His presidency will be over by February 1, 2017.
[Repeat monthly through January 2025]
If I remember correctly during the campaign Trump made statements wherein he was not a big fan of the Stock Market
No...but it probably is going to crash...and crash hard. The GOPe and the dems are going to see to it. There is a debt ceiling to be dealt with this fall and there is the budget...with the wall. Both of which come at the same time and the threats of government shut-downs.
For all the excitement here NOW about how high the stock-market is...I am surprised that all the wisdom that was displayed here in the past about how the stock market is on a BUBBLE...built on phony money has gone out the window. Seems the wisdom of so many FReepers is only available during times when they are the opposition party.
So, yes, the stock market is going to crash. The fundamentals do not support it being this high...they didn't when Obama was president (which Freepers understood) and they don't now (which Freepers have suddenly forgotten).
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