{"id":24013,"date":"2017-05-22T15:40:13","date_gmt":"2017-05-22T20:40:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24013"},"modified":"2017-05-22T15:40:13","modified_gmt":"2017-05-22T20:40:13","slug":"david-stockman-sounds-the-alarm-fiscal-bloodbath-and-market-crash-to-occur-between-august-and-november","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24013","title":{"rendered":"David Stockman Sounds The Alarm \u2013 Fiscal Bloodbath and Market Crash to Occur \u201cBetween August and November\u201d"},"content":{"rendered":"

David Stockman Sounds The Alarm \u2013 Fiscal Bloodbath and Market Crash to Occur \u201cBetween August and November\u201d<\/a><\/h3>\n
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As time goes on, it\u2019s becoming abundantly clear that Trump isn\u2019t going to be able to prevent a major financial crisis in this country. Depending on your beliefs, that\u2019s either because he\u2019s inept in some way, or because he\u2019s being hamstrung by a political system that\u2019s determined to keep our nation on the same unsustainable path. Whatever the case may be, it seems that there is no way that we can change course at this point. We\u2019re headed for a financial crisis, and it\u2019s going to happen sooner rather than later.<\/p>\n

That\u2019s also the opinion of David Stockman, a former Congressman and director of the Office of Management and Budget under Ronald Reagan. In this interview with USA Watchdog<\/a>, he reveals why the market rally that broke out after the last election, \u201cwas the greatest sucker\u2019s rally we have ever seen.\u201d He also explains why the economy could go off the rails this year, after our government endures a major budgetary crisis.<\/p>\n