Stockman: This Isn't Going to End Well

Has the Federal Reserve's ultra-easy money ZIRP policies destroyed honest market price discovery and inflated a massive asset bubble? Outspoken former Reagan White House budget director David Stockman thinks so and believes the Fed has created a massive bubble. He sounds off on the Fed and the huge financial challenges we face in the months and years ahead.

According to Stockman, "This is not going to end well. The Fed has painted itself into a corner. It's violated every rule of sound money that ever existed. All interest rates are manipulated. The yield curve is artificial...The stock market is simply trading the juice, and the word clouds, and the latest hint or maneuver coming out of the twelve members of the Politburo who are basically running this country."