Thursday, May 26, 2016

David Stockman*:
The Casino Money Printers 
Won't Go Home
Stockman essay highlights the folly of the "fools in the Eccles Building" (where the Federal Reserve resides) in continuing to print money to prop up the stock market, "so petrified of a stock market hissy fit that it has more or less created a Wall Street doomsday machine" .. emphasizes there are financial & economic headwinds from China to Brazil to North Dakota & Texas to Japan to Europe ..  "Wall Street has indeed become a doomsday machine and the Fed has zero chance of stopping its eventual implosion. So in the interim the posse of monetary cranks in the Eccles Building ought to just stop their dangerous charade; it’s only feeding the robo-machines and putting everyone else deeper into harms’ way."
LINK HERE to the essay

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