David seems to get everything wrong in the recent past.
Pretty sure he means February of 2025. Probably Jan. 20th 1201 p.m. 2025. Earlier than stockman predicts.
He’s reading from the book of John Kerry.
Backward, stupid, self-delusional...
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.
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.
“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.
Not just in the recent past. Stockman is ALWAYS wrong.
I think stockman is focused on the crazy stocks and not on the normal. Apple, Google, Facebook, and a few others are irrational and the result of pure auction level bidding to a great percent.
But oil is at record lows, and as the king of commodities, it will keep inflation in check. Almost every other commodity has oil as part of its price structure. Oil is staying low and that should dampen a lot of inflationary pressure.
If that’s the case, then bonds and stocks that are in the normal range of bidding will proceed on a normal path without volatility.
Trump and the republicans will make it to the mid-terms without a stock market crisis. Yellen will actually help by her negatively intended interest rate hikes. They, too, will keep rampant inflation in check.
Oil and the energy sector is the key in my opinion. Keep them low and overall it will be a calm market.
Stockman looks at our insane government debt, massive Federal Reserve money printing and financing repression, our overvalued markets, and our corrupt politics, and draws what are “logical” conclusions.
His problem is - he keeps picking dates for “logic” to come into play. That doesn’t happen in Washington DC. They can kick the can forever, it seems.
>> 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.)
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.
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.
there’s no fool like an old fool ...
He uses no analysis, only bad analogies. Bull in a china shop, etc., etc., is no substitute for substance, of which Stockman has ever had none.
Besides, don’t forget that Reagan would have been gone in six months if Stockman had gotten his way. Only after he was fired did Reagan have magnificent successes. Before that, RWR had this little rat terrier named Stockman nipping around his heels (and leaking to the press) who wanted him to do what every unsuccessful reformer had already tried before.
I’d trade a David Stockman for a Steve Forbes or Lou Dobbs any day.
“David seems to get everything wrong in the recent past.”
He and Billy Kristol need to get a room!
Stockman is full of crap. By all indications the 2018 midterms are gearing up for more GOP seats.