David Stockman: “The world economy, including the US, is heading into what is clearly going to be an apical deflation. The likes of which we’ve never seen in modern times.”

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“Kind of a debt supernova.”

Yikes.

It’s a bold statement from a guy who makes bold statements. He’s of course been bearish for a good long while as readers of this site know. However, he is speaking in broad terms here. He is putting together pieces on a global scale. Plus he understands that the market booms we’ve experienced, driven by central banks are not fundamentally sound. That is the key.

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