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Thread: David Stockman: Epic downturn is here, brace for 40% market plunge

  1. #1
    INGSOC GURPS's Avatar
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    David Stockman: Epic downturn is here, brace for 40% market plunge

    "No one has outlawed recessions. We're within a year or two of one," he said Thursday on CNBC's "Futures Now." He added that: "fair value of the S&P going into the next recession is well below 2000, 1500 — way below where we are today."

    This is far from the first time he's issued a dire warning. But this time, he suggests the latest leg down is an early tremor of the pain that lies ahead.

    "If you're a rational investor, you need only two words in your vocabulary: Trump and sell," said Stockman, in a reference to President Donald Trump. "He's playing with fire at the very top of an aging expansion."

    According to Stockman, Trump's efforts to get the Federal Reserve to put the brakes on hiking interest rates from historical lows is misdirected.


    David Stockman: Epic downturn is here, brace for 40% market plunge



    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  2. #2

  3. 11-05-2018, 10:38 AM

  4. #3
    Quote Originally Posted by GURPS View Post
    "No one has outlawed recessions. We're within a year or two of one," he said Thursday on CNBC's "Futures Now." He added that: "fair value of the S&P going into the next recession is well below 2000, 1500 — way below where we are today."

    This is far from the first time he's issued a dire warning. But this time, he suggests the latest leg down is an early tremor of the pain that lies ahead.

    "If you're a rational investor, you need only two words in your vocabulary: Trump and sell," said Stockman, in a reference to President Donald Trump. "He's playing with fire at the very top of an aging expansion."

    According to Stockman, Trump's efforts to get the Federal Reserve to put the brakes on hiking interest rates from historical lows is misdirected.


    David Stockman: Epic downturn is here, brace for 40% market plunge



    Gee...how UNUSUAL for David Stockman to predict a market crash:


    David Stockman: Stocks will plunge 50% in this 'daredevil market' (that is from 5 months ago)

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge That is from Sept 2017

    David Stockman's Just Wrong, So Buy Stocks 2015

    State-Wrecked: The Corruption of Capitalism in America 2013

    And on it goes...anyone who knows anything (which leaves out GURPS and the rest of the ignorati) knows that David Stockman is a joke. He is in the same category as Stephen Moore and Robert Reich.

  5. #4
    INGSOC GURPS's Avatar
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    Fish in a Barrel .....

    Quote Originally Posted by transporter View Post
    Gee...how UNUSUAL for David Stockman to predict a market crash:

    And on it goes ... anyone who knows anything ...... knows that David Stockman is a joke. He is in the same category as Stephen Moore and Robert Reich.
    ... Anything that does not conform to YOUR World View is Ignorant or Uneducated


    Quote Originally Posted by transporter View Post
    (which leaves out GURPS and the rest of the ignorati)
    ah yes the Dismissive Derision from the Typical Progressive ..... No Comments why Stockman 'might' be wrong, you just spew your typical hatred for someone you do not agree with
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

  6. #5
    Quote Originally Posted by transporter View Post
    G

    And on it goes...anyone who knows anything
    Hey..I found some news about the professor you learned your econ knowledge from....
    "Fascism is ascendant," the Ivy League professor continues. "The world is on fire. This is no time to be patient. If we don’t abolish capitalism, capitalism will abolish us."

    Bray claims that the far right advocates for environmentally destructive policies, alleging that the faction prioritizes interests of certain groups over those of the entire planet, but takes his argument a step further by blaming capitalism.

    https://www.campusreform.org/?ID=11470
    "I've got to start eating at home more" - J. Dahmer

  7. #6
    Quote Originally Posted by GURPS View Post
    Fish in a Barrel .....
    Yep. So easy that it takes most of the fun out of it.
    "I've got to start eating at home more" - J. Dahmer

  8. #7
    INGSOC GURPS's Avatar
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    Quote Originally Posted by Gilligan View Post
    Yep. So easy that it takes most of the fun out of it.

    Getting Transporter to RAGE about something, yeah NOT very difficult ...
    I had no Idea who Stockton was, until I stumbled across this piece ... I half expected TJ to vent and foam about Trump Sucking or other blather
    We’re tempted to suggest a conspiracy here — but it’s just liberals agreeing yet again that conservatives have hidden, evil motives, because modern liberals simply can’t conceive of any other reason to disagree with the liberal consensus.

    “Moral precepts are constant through the ages and not obedient to circumstances.”

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