David Stockman: Trump, Clinton Could Mean 25% Market Sell-Off

This post David Stockman: Trump, Clinton Could Mean 25% Market Sell-Off appeared first on Daily Reckoning.

[Editorial Note: The nation’s future hangs in the balance this election. That’s why we are sending out TRUMPED! A Nation on the Brink of Ruin… and How to Bring It Back to every American who responds, absolutely free. Click here for more details.]

David Stockman spoke with CNBC’s Fast Money over the weekend where they hit on the markets, the presidential election and what to expect under a Trump or Clinton Administration.

“If you don’t sell before the election, certainly do it afterwards. Government is going to be totally paralyzed regardless of who wins,” he said. “There could be a 25 percent drawdown on markets.”

David Stockman worked as the Director of Office of Management and Budget within the Reagan Administration and was on Wall Street for two decades.  He is also the author of the book Trumped! A Nation on the Brink of Ruin… And How to Bring it Back.  

“Government is going to be totally paralyzed regardless of who wins. If Hillary wins it will be very bad. If Trump wins it will be even worse.  For 6 months, or even longer, I think there will be acrimony, there will be brinksmanship, there will be paralysis, there will be a swarm of house committees doing investigations over wikileaks and emails.  There will be no baton handed off from the Fed to fiscal policy as we slide into recession.  The reason I think there will be a recession is because I follow the IRS and not the BLS.”

“If you have a paralyzed Congress… If you have a Fed, out of dry powder…  If you have a market that has basically been chopping for 700 days (we are basically where we were in December 2014). There is massive risk. What is the possible reward?”

To see the full interview with David Stockman on CNBC click here. To learn how to have Stockman’s urgent new book sent to your doorstep, click here.

Regards,

Craig Wilson, @craig_wilson7
for The Daily Reckoning

P.S. The Election’s Just One Day Away.

As David Stockman has said repeatedly, Trumped! A Nation on the Brink of Ruin… And How to Bring It Back wasn’t a book he was intending to write. But he had to. It is worth repeating: America faces impending dangers that every voter should know about before the presidential election just six days from today.

Whether you love or hate Donald Trump or Hillary Clinton, every American deserves to know the truth about the imminent dangers facing their wealth.

That’s why I’m holding a FREE copy of this book in your name. If you haven’t gotten yours yet, I just need your permission (and a valid U.S. postal address) to drop it in the mail.

This special edition has important material not available anywhere else in the world. Not online through Amazon. And not in any brick-and-mortar bookstore.

Click here to fill out your address and contact info. The book will arrive at your doorstep in just a week or two. And please share it with friends and family. It’s that important. Thanks for reading.

The post David Stockman: Trump, Clinton Could Mean 25% Market Sell-Off appeared first on Daily Reckoning.

This story originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.