Is the stock market overvalued by 50 percent? PE ratios out of sync with fundamentals underlying the economy. Not in labor force group in US increased by 15 percent since recession ended.

Former Reagan Budget Director David Stockman tells Newsmax TV that despite the stock market seemingly setting record highs on a daily basis, an economic disaster looms on the nation's horizon. We ought to go to the source of the problem, have a house cleaning at the Fed," he explained to host David J. Representative from the state of Michigan — And they've been quiet and they've got too many Goldman Sachs people in there who have had a career and made a prosperous living riding the bubbles that have been created by the Fed," he predicted.

They should be telling Janet Yellen 'You're done.

China’s stock market is like a casino, and that’s what attracts some investors

Lawmakers must deregulate America if we're going to get growth going again and create "some real breadwinner jobs," he said. We have to stop regulating interest rates to zero because of what that's doing.

People don't recognize it it's not only creating windfalls for some speculators on Wall Street, that's bad enough," he said. Newsmax, Moneynews, Newsmax Health, and Independent. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

He said such wreckless Fed policies has destroyed discipline in financial markets. How Trump Can Clear the Field and Realign American Politics David Stockman: Federal Reserve Is Completely 'Lost'. Click Here to comment on this article.

Former Reagan Budget Director David Stockman tells Newsmax TV that despite the stock market seemingly setting record highs on a daily basis, it is a financial timebomb.

The stock market is a 'dangerous casino' - Business Insider

David Stockman, Stock Market, Fed, Casino. We never share your email.

LVS Stock Price - Las Vegas Sands Corp. Stock Quote (U.S.: NYSE) - MarketWatch

Mortgage Rates Get Today's Low Rates Widget. Respect for Presidency Is Missing Under Trump.

Disrespect for the presidency has been on the climb ever since Clinton, UK Is Approaching 'Tipping Point' as Brexit Bites. I'm beginning to think that Amazon's appetite for expansion may be getting Amazon's Bezos Has 'Really Good Ideas' for Trump to Consider.

Trump has made amazing progress in only the first six months of his Medium Household income is up more under Trump's first 5 months in Office