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"The Donald Nailed It" - David Stockman Screams: "We Are In A Big Fat Ugly Bubble"
Posted By: NaturalWisdom Date: Tuesday, 27-Sep-2016 23:07:59
www.rumormill.news/57745
In Response To: BREAKING: Real Reason Germans Were Told To Prepare for "NATIONAL CRISIS" - Deutsche Bank Going Under! [VIDEO] (NaturalWisdom)
"The Donald Nailed It" - Stockman Screams "We Are In A Big Fat Ugly Bubble"
David Stockman
Sep 27, 2016
Click here
[snip]
Most of the 90 minutes last night was a waste—with both candidates lobbing well-worn clichés, slogans and sound bites at the audience and each other.
But there was one brief moment that made it all worthwhile. That was when Donald Trump peeled the bark off the Fed’s phony recovery narrative and warned that the stupendous stock market bubble it has created will come crashing down the minute it stops pegging rates to the zero bound.
“……Typical politician. All talk, no action. Sounds good, doesn’t work. Never going to happen. Our country is suffering because people like Secretary Clinton have made such bad decisions in terms of our jobs and in terms of what’s going on.
Now, look, we have the worst revival of an economy since the Great Depression. And believe me: We’re in a bubble right now. And the only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down.
We are in a big, fat, ugly bubble. And we better be awfully careful. And we have a Fed that’s doing political things. This Janet Yellen of the Fed. The Fed is doing political — by keeping the interest rates at this level. And believe me: The day Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you’re going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary Clinton.
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Articles In This Thread
- BREAKING: Real Reason Germans Were Told To Prepare for "NATIONAL CRISIS" - Deutsche Bank Going Under! [VIDEO]
NaturalWisdom -- Tuesday, 27-Sep-2016 19:32:48
- Bridgewater Calculates How Much Time Central Banks Have Left
Watchman -- Tuesday, 27-Sep-2016 21:10:04
- $356 Billion Fund Manager: "Now Is The Most Treacherous Time Ever. I've Never Seen This In My Career"...Never..
Watchman -- Tuesday, 27-Sep-2016 21:18:13
- "The Donald Nailed It" - David Stockman Screams: "We Are In A Big Fat Ugly Bubble"
NaturalWisdom -- Tuesday, 27-Sep-2016 23:07:59
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