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Monday, April 1, 2013

Stockman Sees Fed-Fueled Bubble Bursting in Economic Chaos

The U.S. economy is in a bubble inflated by "phony money" from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.

http://washpost.bloomberg.com/Story?docId=1376-MKJKF76JTSEC01-6VGDG8GQDSDNE3QKU9QAREHHMO

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