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Stockman: “After March 15 Everything Will Grind To A Halt”

posted Feb 27, 2017 18:28:55 by Bob Walker

Stockman: "After March 15 Everything Will Grind To A Halt"

Two weeks after David Stockman warned that "the market is apparently pricing in a huge Trump stimulus. But if you just look at the real world out there, the only thing that's going to happen is a fiscal bloodbath and a White House train wreck like never before in U.S. history" and exclaimed that, when looking at markets, "what's going on today is complete insanity" he is back with another interview, this time with Greg Hunter of USAWatchdog in which he, once again warns, that a giant fiscal bloodbath is coming soon, and urges listeners to pay especially close attention to the March 15, 2017 debt ceiling deadline, at which point everything could "grind to a halt."

As Greg Hunter writes, former Reagan Administration White House Budget Director David Stockman says financial pain is a mathematical certainty. Stockman explains, “I think we are likely to have more of a fiscal bloodbath rather than fiscal stimulus. Unfortunately for Donald Trump, not only did the public vote the establishment out, they left on his doorstep the inheritance of 30 years of debt build-up and a fiscal policy that’s been really reckless in the extreme. People would like to think he’s the second coming of Ronald Reagan and we are going to have morning in America. Unfortunately, I don’t think it looks that promising because Trump is inheriting a mess that pales into insignificance what we had to deal with in January of 1981 when I joined the Reagan White House as Budget Director.”

(For the rest of the article, please click on the link above.)
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3 replies
RobertHobart said Feb 28, 2017 00:07:46
Thanks, Bob. Something to Keep an eye on.
LoryVanValkenbur said Feb 28, 2017 02:03:12
What will be most interesting to me will be the timing of everything. I think one single event could trigger others.
IvyKeawe said Feb 28, 2017 06:21:17
Thanks Bob for the post. Good to know.

I'm thinking the same thing Lory. It will just snowball thereafter...into madness.
[Last edited Feb 28, 2017 06:21:59]
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