He doesn't think the Fed knows what its doing. He believes that keeping the interest rate at zero percent is foolish. But at the same time, if the interest rates are raised, there will be a market correction. So, what is he saying? IOW, he's enjoying the fact that he doesn't have to make that decision.
Also, he thinks China is in big trouble because of its huge national debt at estimated at $28 trillion, which is greater than the USA. There you have it. Do you think he's right? The Fed is on a "jihad" against savers and retirees: David Stockman http://finance.yahoo.com/video/fed-jihad-against-savers-retirees-165144931.html http://finance.yahoo.com/video/fed-jihad-against-savers-retirees-165144931.html The Fed is on a "jihad" against savers and ret... http://finance.yahoo.com/video/fed-jihad-against-savers-retirees-165144931.html Watch the video The Fed is on a "jihad" against savers and retirees: David Stockman on Yahoo Finance . Stockman isn't a big fan of Fed policy... View on finance.yahoo.com http://finance.yahoo.com/video/fed-jihad-against-savers-retirees-165144931.html Preview by Yahoo
