David Stockman: Fed Creating Massive Bubble:""Now we have the greatest mother of all bubbles.
And there's nobody left in the stock market today except drugged-up day traders and robots who are being mainlined by the daily injections of liquidity from the Fed.
This is utterly irrational."
The United States is at the mercy of the same crew of central bankers who brought the nation the dot-com crash and the housing bubble, according to Stockman — not exactly a track record of success.
And, he added, long-time Fed banker Janet Yellen has been nominated to be the next Fed chair."
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