David Stockman explains why stock market is bound to self-destruct

by omouggos

This excellent article by David Stockman puts forth the case that even though the stock market is near all time highs, based on fundamentals it is highly overvalued. Furthermore, he evinces that the US economy itself is not doing very well to say the least, and that sooner or later it enter into overt recession. The only reason why the stock market is so high is because of “eyes wide shut speculation” and the reckless policy of the FED. Stockman concludes eventually “the casino will break into full panic upon the realization that Yellen and her posse are exactly as clueless as they sound.”

O Mouggos