David Stockman - "The Central Banks Have Created a Debt SuperNova"

cnbc.com  ( Original )
AUG 7, 2015

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.

Stockman, whose past claims have yet to come to fruition, still believesthat the excessive monetary policy from central banks around the world has created a "debt supernova," and all the signs point to "the end of the central bank enabled bubble," which could cause a worldwide recession.