Last quote by David Stockman
David Stockman quotes
So when the recession hits this summer, the Fed will be out of dry powder and fiscal policy will be paralyzed. This time the market will crash and stay crashed.
I like him because he's against the establishment, but he has no economic program. Yes, he's a disruptor, but has nothing to disrupt with.
We're in the same place today as we were in December of 2014. There's massive risk. So what's the possible reward?
If elected, it will be partisan warfare and a total disaster. Under a Trump victory, all bets are off.
The markets are hideously inflated.
Therefore, there will be no baton handed off from the Fed to fiscal policy as we slide into recession.
For six months, or even longer, there will acrimony, there will be brinkmanship, there will be paralysis. There will be a swarm of house committees doing investigations from all of these wiki leaks!
Growth over the last four quarters has averaged 1.3 percent, that's barely stall speed [and] we have inventories building up. If you look at concurrent indicators of the economy such as freight shipments and so forth, they're weak and negative. Capital spending is down double digits and exports are down and so forth.
I think it's going to be a very nasty time in the year ahead.
I think it's going to be so contentious in the House because [Paul] Ryan has moved to protect his House majority, that it's very likely that investigations will begin immediately. And within any kind of excuse, they will try to impeach Hillary Clinton barely after she gets in office.