David Stockman: Fed Is Creating the 'Mother of All Bubbles

Here's the story from Money News. 

Americans should be bracing for the explosion of a "mother of all bubbles" brought about by the Federal Reserve's gross and irresponsible manipulation of interest rates, according to David Stockman, the colorful supply-side economist and director of the Office of Management and Budget under President Reagan.
The central bank has created a false prosperity that shows up in an overpriced stock market, Stockman told Fox Business Network. 
The Fed's massive stimulus since 2008 is "the greatest gift to the 1 percent, to the speculators, to the leveraged traders, to the carry trade ever imagined," he said.

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