David Stockman On The Coming Global Collapse As One Short Seller Warns “I Have No Idea How Long They Can Keep Pretending”
KingWorldNews.com
July 19, 2016
With continued uncertainty in global markets, David Stockman weighed in on the coming global collapse and one short seller warned, “I have no idea how long they can keep pretending.”
By Bill Fleckenstein President Of Fleckenstein Capital
July 19 (King World News) – Overnight equity markets were slightly lower, with bonds markets slightly higher in uneventful trading. As for our equity market, Netflix provided some fireworks, as it lost badly at the game of beat-the-number and the stock price was hammered for 14%. IBM, however, managed to win at Wall Street’s favorite game by making enough acquisitions to make the estimates. For those keeping score at home, revenues were down about 3%, making this the seventeenth quarter in a row for that feat. Debt now stands at $42 billion and book value is minus $27…
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