David Stockman: The Global Economy Has Entered The Crack-Up Phase

Monday, February 16, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
02/15/2015

Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan – and he is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by four key developments. As the crack-up phase gains momentum, he predicts an increasing number of “financial breaks” that will add to the unpredictability and instability of the environment for investors. Even ‘dancing close to the door’ sounds excessively risky at this point.

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