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David Stockman Rages Market “Valuation Has Lost Any Anchor To The Real World”
Posted By admin On December 10, 2013 @ 6:33 am In Money Watch | Comments Disabled
Zero Hedge 
December 10, 2013
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. “
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URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/2013-12-09/david-stockman-rages-market-valuation-has-lost-any-anchor-real-world
 he argued before: http://www.zerohedge.com/news/2013-11-27/david-stockman-fears-panic-when-lunatic-fed-loses-control
 David Stockman: Ben Bernanke Is The Most Dangerous Man In US History: http://www.prisonplanet.com/david-stockman-ben-bernanke-is-the-most-dangerous-man-in-us-history.html
 Must Watch: David Stockman Says The Fed Is Injecting High Grade Monetary Heroin Into The Financial System: http://www.prisonplanet.com/must-watch-david-stockman-says-the-fed-is-injecting-high-grade-monetary-heroin-into-the-financial-system.html
 The Real Crisis: “People Have Lost Trust In The Government And The Market”: http://www.prisonplanet.com/the-real-crisis-people-have-lost-trust-in-the-government-and-the-market.html
 David Stockman: “Both Parties And The White House Are Advocating A US Default”: http://www.prisonplanet.com/david-stockman-both-parties-and-the-white-house-are-advocating-a-us-default.html
 Stockman Warns of Crash Of Fed-Fueled Bubble Economy: http://www.prisonplanet.com/stockman-warns-of-crash-of-fed-fueled-bubble-economy.html
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