‘We’re going to replace Bubbles Ben with Calamity Janet’: David Stockman

Michael Allan McCrae | September 21, 2013 | 4:18 am Precious Metals Gold 

Former Reagan administration budget director, David Stockman, says the front runner to replace Ben Bernanke “hasn’t got a clue.”

“I think we are stumbling in to the end game of this whole mis-begotten . . . massive manipulation of financial markets,” said Stockman in an interview with Bloomberg.

“We’re going to replace Bubbles Ben with Calamity Janet. I think she has no clue how to wean pathetic Wall Street from its massive stimulus easy money that’s been going on for this entire century.”

Stockman released a book earlier this year bewailing the abandonment of the gold standard. Economists piled on.

Hat tip, Zero Hedge

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3 Comments

  • Sven

    Why would this reporter get so chagrined? This whole system is ROTTEN! But, but, but…..wahhhhhhhh!

  • Michael Haltman

    Janet Yellen or Janet Jackson and does it really even matter?

    Bernanke’s successor will be caught between reality and a hard place!

    With last weeks announcement signaling no immediate end to QE in sight, was Larry Summers crazy like a fox when he took his name out of the running to replace Ben Bernanke as Federal Reserve Chairman? As this article explains perhaps he was.

    At The Political Commentator here: http://goo.gl/sXFbVz

    Mike

    Michael Haltman

    The Political Commentator

    2011, 2012 Fabulous 50 Blog Award Winner

    New York, New York

    Twitter: @ThePoliticalCom

  • Sir David Young

    Go, Mr. Stockman. A lone voice in the wilderness. Funny how investors become deer in the headlights when money is so cheap that throwing it at bonds, stocks, and real estate (again! even a monkey learns to type a word after a few thousand attempts at pounding the key!!) SEEM LIKE THE RIGHT THING TO DO. Dust off that contraption from the French Revolution and let’s start the refrain: OFF WITH THEIR HEADS! Figuratively speaking, of course, we are not terrorists. But Mr. Stockman is so right about these academics not having a clue what to do, first in Fall of 2008 and now 5 years later in Fall of 2013. TIMMMMMBBBERRRRRR.

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