Friday, May 22, 2015

Wrong as usual, that fool David Stockman doubles down...


That clown otherwise known as David Stockman, former Reagan budget director, is out once again with another over the top, gloom and doom, dumb ass prediction that is based on nothing other than his own, sheer, misguided ideology and frustration.

Stockman is now predicting a stock and bond market crash because "the Fed has reflated the bubble to an even more gigantic proportion."

Here's some more of what he says...

On CNBC's " Futures Now " Thursday, the former OMB Director said that excessive monetary policy has forced central banks all over the world into a corner, and as a result, "the markets are going to be in for a huge, nasty morning after as people begin to look at where we really are." Read more. 

"Begin to look at where we really are?" What the hell does that mean, anyway?

I had several run-ins (here and here) with Stockman in the past when I was still working at Fox. He's a total moron and a ball of contradictions.

Actually, I don't know who is more pathetic, Stockman or that joke of a network, CNBC, for constantly parading losers like Stockman and Schiff around on their air and not ripping them a new one for their years of bad advice and ridiculous predictions. (Hyperinflation, surging gold, spiking interest rates, foreigner dumping Treasuries, depressions, etc.)

WTF is wrong with you, CNBC? Nik Deogun?

The Fed may raise interest rates soon and then it's feasible that bonds will tank although some of that discounting is probably going on now. The interesting thing, however, is what will happen to stocks and the economy if rates are increased? That's a fiscal injection.

What if rates are raised and GDP accelerates? And stocks climb?

What will Stockman and other idiots like Schiff say then? I'm sure CNBC will have them on to "explain."

Stay tuned.

6 comments:

Matt Franko said...

https://www.youtube.com/watch?v=ZnHmskwqCCQ

John said...

Clowns are harmless entertainers and kids love them. Stockman, Schiff and co are dangerous kooks. Slandering clowns is serious stuff!

John said...

Matt,

I was going to compare Stockman and Schiff to Benny Hill's mostly embarrassing and unfunny sketches, but only in their wildest dreams could they match Benny Hill's sex appeal and knowledge of economics.

geerussell said...
This comment has been removed by the author.
geerussell said...

Matt said... https://www.youtube.com/watch?v=ZnHmskwqCCQ

My impression was more like this...

Michael Norman said...

All good clown points.