Fed Can’t Save Stocks from Verge of Collapse: ‘Huge Disaster Waiting to Happen’

Yet another voice has warned that the world teeters dangerously close to a repeated and prolonged financial disaster.

With everything so connected, trouble in China means contagion in the rest of the global market, according to David Stockman, a former U.S. Representative, Reagan’s Director of the Office of Management and Budget and an investor for several major Wall Street firms.

CNBC reports:

David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out.

Post Continues on freedomoutpost.com ...