Stockman is long past his “use by” date.
...or not.
Stockman hasn’t been right in 30 years.
Sounds Shakespearean.
Cut, baby, cut. Drill, baby, drill.
In Stockman’s defense, Candidate Trump did say on several occasions that the equity markets are in a bubble.
I’m predicting the market will go down, either after it goes up first, or before it goes up afterward. Or somewhere in the middle. 100%, bank on it.
He has a clue on what to do with the budget, but has been on this doom train for nearly his entire stint.
It cost him his job in the Reagan White House.
But, eventually, it will catch up to us.
Face it the stock market has not been based in reality for many decades and the 2008-2009 FEDGOV rearrangement of the deck chairs on the Titanic/Stock Market reforms did nothing to change the situation.
from link:
The article spelled the beginning of the end for Stockman’s influence. He was, he said, “taken to the woodshed” by President Reagan, and though he stayed at OMB through Reagan’s reelection, he never recovered his stature. He’s spent the ensuing years working in finance (where he was indicted but never prosecuted for fraud in 2007) and acting as a political gadfly on fiscal issues.
I suppose that was meant to be deadline, but I couldn't resist. 8>)
Could be, and Trump will unfairly get the blame, just as sure as the sun rising and setting (even if it is obscured by clouds).
He has been speaking like this for over 2 years, Schiff (whom I love) has been talking like that for 15 years..?
More.
The P/E ratio is not historically high.
Of course there could be a correction but I see 30k DOW by end of Trump’s 2 terms.
What will McConnell do if the Dems filibuster the debt ceiling increase?
If you keep warning about bloodbaths for years on end, you will be right once in a while.
They had this establishment joker on Fox Business on election night pushing all this doom and gloom, Trump will be an economic disaster nonsense. It was the one blight in otherwise good coverage.
No doubt he’s a big short-seller and has a bunch to cover by March 15. He and “Dr. Doom” Marc Faber may be selling snow cones on the street by summer.
Well, we WOULD like Trump to say “no” to raising the debt ceiling, right?
And we all know what the consequences will be, right?
