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An Apple A Day Keeps The Mullets In Play

Summary:
With the S&P 500 closing at 3349 today, which is just 1.0% below its all-time high on February 19, we are no longer dealing merely with a liquidity-fueled speculative excess, or even the ultimate case of Greenspan’s infamous “irrational exuberance” of December 1996. What we have now is a ticking financial time-bomb, the implosion of […]

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With the S&P 500 closing at 3349 today, which is just 1.0% below its all-time high on February 19, we are no longer dealing merely with a liquidity-fueled speculative excess, or even the ultimate case of Greenspan’s infamous “irrational exuberance” of December 1996. What we have now is a ticking financial time-bomb, the implosion of […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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