David Stockman: The Coming Stock Market Crash of Biblical Proportions
The comments below are an edited and abridged synopsis of an article by Doug Casey
Whether we like it or not, the reality is that the Fed has an enormous influence over the US dollar and the stock market.
And right now, the Fed has an urgent and fateful decision to make.
It can keep printing trillions of dollars and let inflation skyrocket, or tighten monetary policy and watch the stock market crash.
In other words, it can sacrifice the stock market or the dollar. Casey interviews Stockman to gain insight into what the Fed will do, and what the implications are.
The questions put to Stockman: If the Fed raises rates aggressively in the months ahead, what are the chances that they will capitulate and reverse course as soon as Wall Street starts screaming about it; given the rapidly rising debt levels—corporate, personal and for the federal government—is it even possible for the Fed to raise interest beyond a token amount; and what can the average person do to protect themselves and profit from what is coming next.