{"id":99907,"date":"2013-12-19T08:18:00","date_gmt":"2013-12-19T08:18:00","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/?guid=a4dc1ddba73166519c96e113bff2d04d"},"modified":"2013-12-19T08:18:00","modified_gmt":"2013-12-19T08:18:00","slug":"bracing-for-an-eventual-day-of-reckoning","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/editorials\/bracing-for-an-eventual-day-of-reckoning\/","title":{"rendered":"Bracing for An Eventual Day of Reckoning"},"content":{"rendered":"
Bracing for An Eventual Day of Reckoning<\/b><\/div>\n
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by Stephen Lendman<\/div>\n
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Financial markets today reflect a total disconnect from reality. Former Reagan administration Office of Management and Budget director, David Stockman, calls the Fed “a serial bubble machine.”<\/div>\n
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“It’s only a question of time before central banks lose control,” he warns. He expects “panic when people realize that (market) values are massively overstated.”<\/div>\n
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They’re “extremely dangerous, unstable, and subject to serious trouble and dislocation in the future,” he stresses.<\/div>\n
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The Fed is responsible for “exporting lunatic policies worldwide.” All bubbles burst. They end badly. For sure this one. It’s a whopper. It’s just a matter of time until all hell breaks lose.<\/div>\n
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Market analyst Graham Summers sees dangerous equity market topping signs. They include:<\/div>\n
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