Saturday, August 8, 2015

Market On Verge Of Collapse Says Reagan Budget Adviser

The U.S. stock market is on the verge of a massive collapse. So says this former OMB director during the Reagan administration, and moreover, this media outlet is claiming that the GOP presidential are being "eerily quiet" about it...






(WND) Is America headed for an economic collapse? If so, presidential candidates are remaining eerily quiet about what’s being described as “a huge disaster waiting to happen.”

The U.S. stock market is on the verge of a massive collapse, warned David Stockman, OMB director during the Reagan administration, on CNBC’s “Futures Now” program. He said the recent price action has him even more convinced than ever that the bottom is about to fall out.

Stockman believes the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession...

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Posted By: Chris Carmouche