CNBC: Stockman: Exporting the Fed's "lunatic policies"
Interesting CNBC (note not KWN where Stockman has also been interviewed - but remember KWN is "garbage" - so who is using hyperbole? ANS Shat: You are. ) interview:
Here is a stunning quote:
If one cares to look, Stockman adds, "there are bubbles everywhere," citing Russell 2000 valuations of 75x LTM earnings as an example, "that makes no sense. It's up 43% in the last year, but earnings of the Russell 2000 companies have not increased at all."This is dangerous, he strongly cautions, "I haven't seen too many bubbles in history" that haven't ended violently.
https://groups.yahoo.com/neo/groups/Metalmoney/conversations/messages/2244