Economic Meltdown
Coalition to Govern America header with logo
Wednesday, January 29th, 2020

We have 277 guests and no members online

"Valuation Has Lost Any Anchor To The Real World"


 

The current malaise of news, data, and spin is "meaningless," David Stockman tells Bloomberg's Tom Keene, adding that markets are exhibiting "the kind of speculative froth you get at the top of a cycle where valuation loses any anchor in the real world; from earnings or the prospects of the economy." As he argued before, "owning stocks here is very dangerous," and despite Keene's best efforts to denigrate Stockman's "of course it's a bubble," perspective; the former inside-man exposes the hard mathematical truths of valuations, performance, and reality in this brief clip. Who is to blame - The Fed or Wall Street? "It is a question of who has taken whom hostage," Stockman concludes ominously, "it's a co-dependency... it's very dangerous."


"Wall street demands that the Fed keeps dishing out the liquidity, keeps dishing out the monetary heroin...

They have a hissy fit if the chairman of the Fed even suggested they might begin to taper four years into a recovery.

So - it's a codependency.

It's a very dangerous thing. "

 

Interview below:

Click here for interview>   http://www.zerohedge.com/news/2013-12-09/david-stockman-rages-market-valuation-has-lost-any-anchor-real-world


You must be logged in to post comments.

Govern America Radio

"Truth for the Restoration of Our Nation"
 

CURRENTLY ON AIR:
Loading

Listen to Govern America
Saturdays at 11AM-2PM Eastern

LISTEN LIVE

ARCHIVES & PODCAST

Govern America playlist of latest episodes