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.
Hmmm? After the swamp takes Trump out, what do you suppose the people will do to the swamp?
>> David seems to get everything wrong in the recent past <<
Maybe Stockman never got over Pres. Reagan’s talk about taking Stockman “to the woodshed.”
(And it seems that he’s been preaching gloom and doom ever since.)
If I recall, Stockman is a hamburger short of a Happy Meal!
Unfortunately, I think you're correct!
I will predict that President Trump will still be here in February 2018.
still trying to figure out what mechanism removes a sitting president based on a stock market plunge; he left that part out...
as for Trump, he completes his first term; then we’ll see if he wants another when he’s pushing 75...
As in the election, last fall, America, truly, would be at stake.
In the meanwhile, a few suggestions as to how the rest of us could be of help.
The only thing that pumped up the market for the last 7 years is the Fed pumping money and keeping low interest rates. All of a sudden, when Trump was elected, they decide to raise the rates. But right now I think k the market is rising more because of business and consumer confidence. If congress would just pass tax reform it would be great, which is why I think they are not doing it. The swamp would rather cause economic havoc if it means tripping up Trump.
the stock market crashed during the Reagan years, and it wasn’t his fault. Why would it be Trump’s fault?
Stockman is the poster child for your typical pompous @ss.
You have to be pretty wacked out to take all-time market highs and twist them into a negative.
Our President is fighting the good fight. We need each of us to back him in our own circles.
He lost his mind years ago.
He lost his mind years ago.
Stockman has stocked up on tinfoil hats. He’s a maroon. And he’s wrong.
Trump rocks.
Trump could be gone by February....... 2025....
Fixed it for ya ;)
Quoth the spokespuke for the establishment.
Wishful thinking.
Stockman is like the guys at Zero Hedge. They have predicted 20 of the last 3 crashes.
Left fascists have turned to totalitarianism wet dreams for their fulfillment since reality offers no stimuli.
Steve: David Stockman could be pregnant and could have a baby by March...
Look, this entire anti-Trump campaign is *disinformation*. It's MK Ultra, Mockingbird, color revolution, the whole bag of deep state tricks being deployed domestically. It includes not just the MSM, but also placed concern trolls in visible social forums like FR.
It's a carefully crafted bit of 'legal' insurrection that's being utilized because the many criminals will hang if they are brought to justice. They must fight; they have no choice. But they can't fight in the open, because that also condemns them outright.
So, they are forced to play shadow games. Tell me, when an opponent/adversary has only one option, one pathway open, are they strong or are the weak? They are weak - tremendously so.
The strong have multiple avenues open to them, with numerous staged fall back positions. What does Trump hold? Why, all the cards. IOW, Trump has the strongest position.
Stockman turned a very short gig at the Reagan White House from which he was fired because he was wrong about supply side economics into a lifelong pursuit of being wrong and getting paid for it.
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