Blackstone CEO Steve Schwarzman Warns of Next Financial Crisis

Discussion in 'Wall St. News' started by blakpacman, Jun 10, 2015.

  1. blakpacman

    blakpacman

  2. S2007S

    S2007S

    its obvious...its going to happen.....this cannot continue forever, the fed has zero credibility at this point leaving rates at historical lows, once the crisis comes there will be absolutely no way to fix it...

    check out this article and how disconnected the market is from reality, this is something that should be looked at because it tells a story that many would not believe but its all here in black and white....


    Stockman: 'Warren Buffett Economy' Will Meet Day of Reckoning
    [​IMG](Bill Pugliano/Getty Images)
    By David Stockman | Tuesday, 09 Jun 2015 04:55 PM

    During the 27 years after Alan Greenspan became Federal Reserve chairman in August 1987, the balance sheet of the central bank exploded from $200 billion to $4.5 trillion. Call it 23 times.

    Let’s see what else happened over that 27-year span.

    http://www.newsmax.com/Finance/Stre...Fed-money/2015/06/09/id/649523/#ixzz3cfs1sLDC



     
  3. sheda

    sheda

    Bet it does not happen.