As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies and metals just warned King World News that a worldwide stock market crash is coming.
David Stockman’s audio interview has now been released!
David A. Stockman: Former Dir. of the US Office of Management and Budget (USOMB), Economic Policy Maker, Politician, Financier & Acclaimed Author – After leaving the White House, Stockman had a 20-year career on Wall Street where he joined Salomon Bros. He later became one of the original partners at New York-based private equity firm, The Blackstone Group and in 1999 started his own private equity fund based in Greenwich, Connecticut.
David A. Stockman: Former Dir. of the US Office of Management and Budget (USOMB), Economic Policy Maker, Politician, Financier & Acclaimed Author – After leaving the White House, Stockman had a 20-year career on Wall Street where he joined Salomon Bros. He later became one of the original partners at New York-based private equity firm, The Blackstone Group and in 1999 started his own private equity fund based in Greenwich, Connecticut.
As we come to the end of the first week of trading in October, David Stockman, former Director of the Office of Management and Budget under President Reagan, just warned King World News that investors need to “Get the hell out of the casino!”
As we continue through the first week of trading in October, this is a major warning sign.
With the price of gold surging strongly back above $1,500, look at who just warned we may see $2,000+ gold this year or early 2020.
On a day when the Dow is tumbling more than 500 points, David Stockman, former Director of the Office of Management and Budget under President Reagan, just told King World News there will be a big flight to gold as we end the 3rd great bubble of this century.
With the Dow plunging almost 500 and gold surging $17 near the $1,500 level, here it today’s note from Art Cashin, Head of Floor Operations at UBS.
As we kickoff trading in the month of October, look at what just hit the lowest levels since 2009!
