8. Reagan’s budget director sees an ‘apocalypse ... get out now’ Recently David Stockman warned of an economic “apocalypse” dead ahead, “arising from a rogue central bank that has abetted the Wall Street casino, crucified savers on a cross of zero interest rates and fueled a global commodity bubble that erodes Main Street living standards through rising food and energy prices ... get out of the markets and hide out in cash.” Stockman’s not merely warning of a crash ending the bull rally since 2009. This “grand bubble” has been building for 32 years since the Reagan revolution. He’s atoning for a generation of politicians with no moral compass: “Capitalism has morphed into a monopoly ruled by politicians who are serving a wealthy elite. Competition is a joke.” 9. Nouriel Roubini: ‘Prepare for the perfect st
Posted on: Thu, 06 Jun 2013 05:45:08 +0000
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