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News Link • Economy - Economics USA

David Stockman Rages Market "Valuation Has Lost Any Anchor To The Real World"

•, by Tyler Durden
 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.

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