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March 5, 2019 | Trump Has Offered Foes His Head on a Platter, Says Stockman

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

David Stockman‘s new book could prove to be a very timely read. The title leaves no doubt what it’s about: PEAK TRUMP: The Undrainable Swamp And The Fantasy Of MAGA. Could he be onto something? In my view, Trump’s fall could come not merely because Congressional Democrats are investigating nearly everyone in his past and every business deal he has ever made. No, that has become pretty routine, and probably half the country has tuned it out completely. What seems even more threatening is the possibility that a recession that has been brewing for years will hit, critically undermining the President’s most credible and laudable claim — i.e., that he has been great for the economy.

For the moment, however. with the stock market poised to make new record-highs, the danger of a Trump implosion is relatively low. But if and when Wall Street’s exuberant, ten-year celebration tops out, it is going to bring these relatively good times to a wrenching end. This is very likely in my view, even if stocks are about to move into record territory. That would only set the hook for the most destructive and painful bull trap in recent history.

A Big, Fat Bubble

Stockman sees Trump as particularly vulnerable — as handing his head to his enemies on a platter — “because he has bombastically embraced the ‘big, fat, ugly bubble’ that he so accurately harpooned during the campaign.” Just so. Here’s a link to Stockman’s book promotion and a subscription to his daily commentary, Contra Corner. I’ve never marketed anything here before except my own service, but I happen to agree with his thesis and wanted to bring it to a wider audience.  Read it and see for yourself why we should all be bracing for the worst.

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March 5th, 2019

Posted In: Rick's Picks

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