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Thread: Ron Paul: Stock market 'day of reckoning' is near (CNBC interview 6/18/15)

  1. #1

    Ron Paul: Stock market 'day of reckoning' is near (CNBC interview 6/18/15)

    on Drudge right now

    Ron Paul: Stock market 'day of reckoning' is near

    Amanda Diaz
    June 19, 2015

    Despite record highs in the market, former Rep. Ron Paul says the Fed's easy money policies have left stocks and bonds are on the verge of a massive collapse.

    "I am utterly amazed at how the Federal Reserve can play havoc with the market," Paul said on CNBC's "Futures Now" referring to Thursday's surge in stocks. The S&P 500 closed less than 1 percent off its all-time high. "I look at it as being very unstable."

    In Paul's eyes, "the fallacy of economic planning" has created such a "horrendous bubble" in the bond market that it's only a matter of time before the bottom falls out. And when it does, it will lead to "stock market chaos."

    As far as when the bubble will burst, the former Republican presidential candidate said, "I don't think there's any way to know what the [timeline] is, but after 35 years of a gigantic bull market in bonds, [the Fed] cannot reverse history and they cannot print money forever."

    ...
    read more:
    http://www.cnbc.com/id/102771518

    full interview:
    http://video.cnbc.com/gallery/?video=3000389600



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  3. #2
    This is nice Ron, but you do not need to do it Why don't you spend more time at home and work on "auditing the FED" ? M'kay ?

  4. #3
    It will be very hard to legitimately whine that we just had no idea that it was coming.

  5. #4
    Quote Originally Posted by timosman View Post
    This is nice Ron, but you do not need to do it Why don't you spend more time at home and work on "auditing the FED" ? M'kay ?
    That statement is one of the biggest jokes I have seen this year.
    They confronted me in the day of my calamity, but the Lord was my support.

  6. #5
    Love Ron. Maybe he is right. Maybe not. The market will crash but it could crash soon or after it rises another 100%. I wish Ron would read Triumph of the Optimists and get on the right side of the million percent a century upward drift in global equities markets, instead of predicting crashes.



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