David Stockman

David Stockman

Postby winston » Mon Nov 05, 2018 7:24 pm

David Stockman: Epic downturn is here, brace for 40% market plunge

by Stephanie Landsman

Stockman, who served as President Reagan's Office of Management and Budget director, has long warned of a deep downturn that would shake Wall Street's most bullish investors.

"No one has outlawed recessions. We're within a year or two of one," he said Thursday on CNBC's "Futures Now."

He added that: "fair value of the S&P going into the next recession is well below 2000, 1500 — way below where we are today."

"If you're a rational investor, you need only two words in your vocabulary:[ Trump and sell".


"The trade war is not remotely rational," he said. If the dispute worsens, it "is going to hit the whole goods economy with inflation like you've never seen before because China supplies about 30 percent of the goods in the categories we import."

"We're going to be in a recession, and we're going to have another market correction which will be pretty brutal"


Source: CNBC.com.

https://www.cnbc.com/2018/11/03/david-s ... yptr=yahoo
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Re: David Stockman

Postby winston » Sat Jul 24, 2021 10:43 am

"Hold Gold As Insurance" - Stockman Warns 'Reset' Means "A Crash Of Epic Proportions"

BY TYLER DURDEN

We have a $60 trillion bubble on the balance sheets of 130 million people in American society but especially in the top 5% to 10% that own a huge share of the assets...

If $60 trillion disappears (out of the U.S. economy), it changes everything. It turns the financial system and economic reality upside down.”

Stockman thinks there will be a “50% to 75% correction in the financial markets.”

“The only asset that has held its value over time is gold.” Stockman recommends everybody should be holding some gold as insurance against the coming “reset.”

The Fed has printed $6.5 billion a day for the past 688 days...

They have printed more money in the last 688 days than the Fed did in the first century of its existence.”


Source: Zero Hedge

https://www.zerohedge.com/markets/hold- ... newsletter
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Re: David Stockman

Postby behappyalways » Mon Apr 11, 2022 2:36 pm

David Stockman On The Coming Stock Market 'Crash Of Biblical Proportions'
https://www.zerohedge.com/markets/david ... roportions
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