David Stockman Warns “Gold Is The Only Safe Asset Left” – “We Are Heading For A Thundering Collision In The Bond Market” (Video)

– David Stockman Warns “Gold Is The Only Safe Asset Left”:

Via Greg Hunter’s USA Watchdog blog,

Record high stock and bond prices are flashing danger signs to former Reagan White House Budget Director David Stockman.

Stockman contends,

I don’t think we are going to have a liquidity crisis.  I think it’s going to be a value reset.  I think there is going to be a jarring downward price adjustment both in the stock market and in the bond market.

 This phantom or phony wealth that has been created since the last crisis is going to basically evaporate.”

So, what asset is safe? Stockman says gold and goes onto explain,

Read moreDavid Stockman Warns “Gold Is The Only Safe Asset Left” – “We Are Heading For A Thundering Collision In The Bond Market” (Video)

David Stockman: The Illusion of Growth

The Illusion of Growth:

The Wall Street Journal published a superb example of hopium recently in a sunny-side-up story entitled “U. S. Manufacturing Rides Rising Tide, Buoyed by Global Growth, Optimism.”

Indeed, this lazy cheerleading excuse for journalism captured the sum and substance of why the punters keep buying the dips despite troubles gathering all around.

That is, as the tax bill falters, the crusade to remove the Donald from office gathers strength, the Fed moves into balance sheet normalization and instability breaks out all over the world from the Persian Gulf to the Korean peninsula.

Read moreDavid Stockman: The Illusion of Growth

“It Won’t Be Long Now” – David Stockman Warns “Amazon Is The New Tech Crash”

“It Won’t Be Long Now” – David Stockman Warns “Amazon Is The New Tech Crash”:

The Amazon business model is fatally flawed. It’s only a matter of the precise catalyst that will trigger the realization in the casino that this is another case of the proverbial naked emperor… I do not think AMZN is a freakish outlier. It’s actually the lens through which the entire stock market should be viewed because the whole enchilada is now in the grips of a pure mania.”

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David Stockman Warns Of “Huge Air Pocket Between Wall Street Fantasy & Economic Reality”

Stockman Warns Of “Huge Air Pocket Between Wall Street Fantasy & Economic Reality”:

With all of that staring us in the face, the market is barely worth 1,600… There is a huge air pocket between the huge fantasy that prevails on Wall Street and the reality of the economic world.”

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David Stockman Sounds The Alarm – Fiscal Bloodbath, Market Crash To Occur “Between August And November”

David Stockman Sounds The Alarm – Fiscal Bloodbath, Market Crash To Occur “Between August And November”:

We’re going to hit an air pocket. The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis... It is going to be one giant fiscal bloodbath the likes of which we have never seen.”

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Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’:

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017.  According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”  He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community.  Like other analysts, Stockman believes that the U.S. economy is in dire shape, and he told Greg Hunter during a recent interview that he is convinced that the S&P 500 could soon crash “by 40% or even more”…

Read moreFormer Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

Stockman To Trump: It’s The Economy, Stupid

Stockman To Trump: It’s The Economy, Stupid:

Trump was elected because flyover America is hurting economically. The voters of Wisconsin and Pennsylvania are imperiled not because of some refugees, they’re imperiled because their jobs have all been disappearing for decades. The problem is far more the Federal Reserve, Janet Yellen, the bubbles they’re creating on Wall Street…

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“Sell Everything Now” David Stockman Warns, America Faces “Total Disaster…Partisan Warfare”

FYI.

Reader squodgy:

“Middle class America just can’t see the wood for the trees. The last 65 years have been paradisic, but the end is coming and nobody sees it or worse, is even prepared to consider it.

All the pieces are in place, yet I’ve just been in contact with all my lot in the States & they’re either shocked about how the campaign against poor Hillary is going, or upset about the muck raking over Donald’s penchant for young girls. Is he really worse than Bill Clinton?

Nobody can grasp they are both from the Rothschild “end of America” stable.”


“Sell Everything Now” David Stockman Warns, America Faces “Total Disaster…Partisan Warfare”

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