David Stockman: Two Big Events Coming March 15, 2017

In an interview yesterday with Greg Hunter’s USA Watchdog, David Stockman made a dire forecast for financial markets for the summer of 2017, as shown in the 26-minute video below. Mr. Stockman served as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget under President Ronald Reagan.

He is expecting two key events on March 15 2017 are going to set in motion a major drop in financial markets by this summer. He estimated, “I expect the markets will easily correct by 20% and probably a lot more.”

1. Debt Ceiling Crisis:

First, the debt ceiling holiday which started in October 2015 expires, which will lock in the U.S. government’s debt at a limit of $20 trillion. By law, Congress will not be able to borrow any additional funds to cover spending. They will be limited to the monthly tax revenues, which is about $250 to $300 billion, but not enough to cover current spending levels. Mr. Stockman estimates the Treasury Department will run out of cash by this summer, which will cause what he calls “the mother of all debt ceiling crises.”

He expects when Wall Street realizes Congress is unable to cover their current spending commitments, it will shock investors and cause a sell-off.

Although Congress has raised the debt ceiling over 70 times in the past, Mr. Stockman believes they won’t be able to raise it this time because the current deal gives the President authority to allocate spending in the event that no new spending agreement is reached. That gives President Trump bargaining power his predecessors have not had, which increases the likelihood of a government shutdown.

He further predicts the debt ceiling crisis will derail President Trump’s plans to repeal Obamacare, cut taxes, and provide an infrastructure stimulus. He expects that will negatively impact financial markets, causing the current bullish optimism to “dissipate very quickly.”

2. Fed Raising Interest Rates:

Second, Mr. Stockman says, “They are going to raise interest rates on March 15. They have to. I’m talking about the Fed.”

If the Fed raises rates on March 15, it would cause the dollar value to go up, which fits what I have been expecting to see, the dollar getting stronger until it suddenly gets devalued. Raising rates could also be the catalyst for a drop in precious metals prices, which fits the two steep legs down, which I shared in my previous post. I am expecting to see spot silver prices drop by over $4.00 per ounce from the current market price of $18.38.

Mr. Stockman added, “The S&P 500 has been trading at 26 times earnings while earnings have been dropping for the past six or seven quarters. There is no booming recovery coming. There is going to be a recession and there will be no stimulus baton to bail it out. That is the new fact that neither Trump nor the Wall Street gamblers remotely understand.”

Later in the interview, he added, “I think we are going to have a greater depression in the stock market than we have had since 1987 when it dropped 25% in one day.”

James Bailey

Author: James Bailey

James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.

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Francy
Francy
Member
February 26, 2017 7:02 pm

Hello James and Z3 family…
I have actually heard differently from the Lord in regards to relying on “market experts” for the prediction of this market correction. The Lord began speaking to me about this market correction even before November last year when many thought FAZ was going to skyrocket in November. And according to what He has shared, the market crash will be more of a correction. Please take this to the Lord for confirmation. The Lord has shared with me many times that this market correction is not going to be able to be predicted by any market expert. That’s how unprecedented it will be. My humble suggestion is to go straight to the Lord. For we could never go wrong when we do.

Blessings to everyone at z3!

Phil - Sydney
Phil - Sydney
Member
February 27, 2017 8:41 pm

Thanks Francy
Spot on with the election results, So I take your comments very seriously,
God bless you,
Thanks for your contribution. Always valuable

Francy
Francy
Member
February 28, 2017 10:29 am

Thanks Phil!
Please read my reply to James above.

God bless you too 🙂

Thorsten-R
Thorsten-R
Member
February 27, 2017 4:48 am

i came across something interesting.
i a lot of videos there was the number 9/23
i was thinking about the same pattern as with 9/11 announced before happening in movies.
interesting is that this heavenly sign of revelation 12 is happening on this date in 2017
https://www.youtube.com/watch?v=XXxVwpcXV0U

also 15th of march a lot more happens
elections in the netherlands.
23rd of april elections in france.
in september elections in germany
so i see a perfect storm forming for the breakup of the european union and world wide it does not look much prettier.

Edana Estenes
Edana Estenes
Member
February 27, 2017 7:48 am

Joel Richardson has two videos that debunk the Revelation 12 sign on September 23, 2017. At this point in time, with all of these things, I decided to just wait and see what the Lord does. All of this is getting quite confusing. And confusion is not God. Confusion is chaos and we know who causes that. My motto is trust in the Lord with all of your heart, lean not on your own understanding and He will direct your paths.

Thorsten-R
Thorsten-R
Member
February 27, 2017 8:09 am

yes that is also my point.
but confusion has also shown up in the election but i trust more what i hear myself. was there on the right side.

John Smith
John Smith
Member
February 26, 2017 3:52 pm
Z3: I share Mr. Stockman’s view, except in a longer term sense now. I believe the US has been given a reprieve for the moment, and a massive stock market drop has likely been delayed now, since we didn’t tank late last year. The events that unfolded election night and election of Trump as well as implementation of his game changing ideas, tax cuts, and job creation focus appears to be working in the short term. Transports, the BKX, consumer confidence, and durable goods orders are close to highs and haven’t fallen that much along with stocks, and those indicators must turn south before we can re-enter a LT bear market. Since my last put trade expired worthless back in early Jan, I’ve been focusing on short term swing trading various commodities, using previously mentioned tools. Although I believe the indices can have one or two significant drops, I believe they’ll be supported around the 100 to 200 dmas. I don’t believe we’re in a bear market at this time. I’m holding off on any larger put option trades now until we hit the Aug./Sept. time frame, which will correspond with the next Puetz window and Martin Armstrong turn point (2017.9), and then I’ll have to see deterioration in the above economic indicators before taking on LT shorts. I believe this brief moment in the sun is a good time to try to make some money any way you can, invest in physical gold/silver and other inflation hedges, pay off debts, slowly stockpile dry/dehydrated food, get physically/spiritually healthy, and prepare for the coming times. I’ve re-vamped my swing trading strategies just for this type of environment, where I’m not solely focused on one or two markets or the indices, but any market that presents a good risk/return for trades that… Read more »
Ed H
Ed H
Member
February 26, 2017 11:42 am

James,
i just finished watching the video this morning and was going to comment in the other financial post. When i opened Z3 just now i saw your article.

He has some dire predictions of whats going to happen. I believe he is correct in his interpretation of the current situation.

The DJIA has closed up 11 days in a row, has not happened since 1987. Only 2 more up days and it will be a record . Keep in mind also that black monday was a 22.6% drop in one day. If history repeats itself we are looking at a decline of about 5000 points. This happened after a 2 week period of a 15% loss. However it did not last and the very next day the markets soared with record gains. Some blame the algo computers for the mess. Wonder what is going to be the blame this time.

John Smith
John Smith
Member
February 26, 2017 3:59 pm

Hey Ed H: Hope things are well with you. My systems are showing we could get a little drop in the indices next two weeks (EMD, NQ, and ES all showing a good turn point), but I believe the drops will be supported the next few months until a new topping pattern is put on, which could take 6-8 months now. I think the 20% or more drop has been delayed until the Sept/Oct 2017 to mid 2018 time period, IMO. Its looking like Gold/Silver/Platinum could be converting from a bear to a bull, since Silver/Platinum just broke the 200 dma for up, but I’m sure it will get tested and for a new bull, the past lows put on mid Dec. will need to hold. Best to you on your trading.

Ed H
Ed H
Member
February 26, 2017 4:15 pm

John,
i was just thinking about you this morning. How have you been? Yah gold is just sitting at its do or die level. It broke 1250 so we will see how it goes from here.

I cut way back on my options trading. Had a great run for a while, but then everything turned on me and i got almost every trade wrong. Now i have a bunch of penny stocks.
i know those are crazy volatile too, but im managing my gains and loses pretty well. I have been taking out my initial investment and 10% gains and letting the rest ride. I did pick a 200% gainer last week but it was only a $150 investment.

I went long on a few picks after Trump but sold too soon. Had no idea it was going to climb this high.

I cut back on my investing studying for a bit too. We got slammed at work and im trying to get another business going as well.

John Smith
John Smith
Member
February 26, 2017 5:47 pm

Ed H: I’ve been going through a re-tooling period such as yours, and looking into several businesses too, involving 3D printing and some others. The consulting life is getting old, so I’ll have to change it up soon.

I believe this type of environment is custom built for swing trading. I’ll never go back to day trading again, and will have to wait to put on LT trades. It appears you are making some solid gains and taking some profits, which is always a good thing. I’m back to closely managing risk as well with mental stops, and if a trade goes against me and crosses EMAs that I view as support or resistance, I’m out in a flash with futures contracts. You’d loose too much doing that with options.

I put so much into put options the last 6 months, its been good to take a break from persistent shorting and to go where the risk/reward leads. After watching the manipulation on the major indices for so long, I’ve moved into other markets to try to avoid that. I’ve made a few bucks on currencies, metals, and cattle, soybeans, etc., using daily and 300 min. charts and just staying out of trades until I see an opportunity where both daily/300 min. charts line up into setups I look for on the MACDs, RSI, and 50/100/200/300 EMAs. I have my easy language systems also looking for those trades to help me out, and they’re finding about 10 trades per week, but I narrow those down and only pick the symbols I feel are best. Best….

John Barry
John Barry
Member
February 26, 2017 9:52 am

The Ides of March , which HOLY SPIRIT has been warning me of for 3 years . This could be the one , thanks James .

Greg L.
Greg L.
Member
February 26, 2017 1:39 pm

I’ve heard of this coming Ides of March a couple of times recently. I can’t remember the sources, but a few of us kicked the discussion around on another thread a couple of weeks ago. Its on my radar for sure.

Matt NZ
Member
February 26, 2017 3:20 pm

Here are 2,

https://www.roguemoney.net/stories/2017/2/22/total-war-deep-state-getting-ready-to-end-trump-days-away

“These are just a few things that are planned to happen, beginning in the coming days; probably between now and right before the Ides of March. Mr. President, The Guerrilla implores you to move quickly and stand against this threat!”

Card 4 of the 2017 Economist cover is ‘The Hermit’ which has a value of “9” and seems to be in the march spot. Also there are six stars with a moon that looks to be in eclipse. There was a lunar eclipse 9 march 2016 (six stars)?

Francy
Francy
Member
February 26, 2017 7:57 pm

Hi Matt,

In regards to your question on another post, I have not heard anything else from the Lord in regards to HL and I unfortunately do not have any ideas about it. I simply obeyed His instructions. I’m waiting for more revelation on it but I’m not concerned. Whatever His reasoning may be it’s for the best. Perhaps Matt, it would be a good idea if you start writing down your dreams. The Lord wants us to know that He also communicates via our dreams and at night. This is how He communicated this instruction to me. Just ask Abba Father to give His nightly counsel through dreams or words of revelation and go humbly to Him and of course ask in the name of His son Yahushua. Also make sure when you ask Him, you go fully repented and willing to honor whatever instruction He gives you.

(this may be too much information but I just felt led to share it with you.)

Blessings Matt. Let me know if this helped you 🙂

Matt NZ
Member
February 28, 2017 12:46 pm

Well Francy, I had a dream last night. I walked into a crowd of Satanists performing a ritual before an underground entrance on the US National Mall ( location of the Washington Monument, Lincoln memorial…etc) and rebuked them in Jesus’s name… oh they didn’t like that.

Phanuel
Phanuel
Member
February 28, 2017 6:15 pm

Hi Matt
This was more than just a dream … it was a spiritual warfare encounter. Keep rebuking them in Jesus name. Even though we fall asleep our spirit never sleeps. This was an actual satanic ritual you busted up.

Shalom

Yawchal
Yawchal
Member
March 1, 2017 11:35 am

i agree with your assessment Phanuel100%
keep up the good work Matt

Matt NZ
Matt NZ
Member
March 1, 2017 1:06 am

It might have been real? I don’t know there. There was another part to it but ill add that later.

Matt NZ
Matt NZ
Member
March 1, 2017 2:12 am

After the rebuking I was looking down on what I belived to be the National Mall from above, but with what I thought were constellations overlayed upon it. I’m pretty sure I saw the constellation Orion (Orions belt). This may have been just a dream with no actual significance. I should write it down as soon as I wake. Rookie mistake. I will pray for revelation on this though.

Stirred-not-shaken
Stirred-not-shaken
Member
March 1, 2017 11:20 pm

Matt, if you look at a map of the national mall, you will find it forms the upside down pentagram, etc.. It was designed by a Mason. Creepy. SNS

Matt NZ
Matt NZ
Member
March 2, 2017 12:47 am

I ran accross that doing some digging. Creepy to say the least.

Jane NZ
Jane NZ
Member
March 1, 2017 5:01 am

That is excellent Matt NZ. Orion means arising in the sky or dawning. So fits from the perspective of seeing it from above. Rising up with greater revelation. A battle waged in the spirit and a promotion. If it is correct, the LORD will confirm it. For one star differs from another star in glory. In 1 Cor 15….one thousand shall flee at the rebuke of one..In Isaiah 30

Jane Alexander
Jane Alexander
Member
March 1, 2017 4:45 pm

I was praying about this here and I heard ‘for promotion comes not from the east or the west’ which is found in psalm 75. This also has a tie in with the directional measurements from the monument.

Matt NZ
Matt NZ
Member
March 2, 2017 12:48 am

Thanks Jane, I’ll take a look and see what I can find.

Francy
Francy
Member
February 28, 2017 5:07 pm

Hi Matt,
Do you pray in the Spirit? For this will be a great dream to pray in the Spirit for revelation. One thing I have learned is that dreams are full of symbolism and they are not literal except the numbers in them. Since you took part in the dream, this may be pertaining to something the Lord wants to counsel you. Normally dreams that have a prophetic nature are those you don’t take part in them, you’re just a spectator.
A great teaching on how to interpret dreams is Mark Vikler’s how to interpret dreams. It’s a skill you can learn.

Well and if you don’t know how to pray in tongues (in the Spirit), there’s a great teaching at biblecities.com under audio broadcasts.
The teaching is called Baptims and infillings….Great teaching on how to be Baptized in the Holy Spirit and receive your personal prayer language (Praying in tongues).

I hope these resources bless you even more than they have blessed me 🙂

Matt NZ
Matt NZ
Member
March 1, 2017 1:05 am

Thanks, Francy. I’ll ask for revelation on this.

Matt NZ
Member
February 26, 2017 8:10 pm

Thanks for responding Francy. I just prayed for Jesus to speak to me in my dreams though I rarely dream and/or remember them… all I can do is ask.

Bob Adolph
Member
February 26, 2017 9:29 pm

Matt NZ, thanks again for the heads up. You have a good nose for the truth. The Guerrilla sounds a lot like Robert Davis Steele who may be the best brain out there.

Matt NZ
Matt NZ
Member
February 27, 2017 1:33 am

Some of my favs are Rob Kirby, Jim Willie, V the Guerrilla Economist. Just looking at this in the natural… they can’t keep this juggling act going forever.

Bob Adolph
Member
February 27, 2017 12:40 pm

Yes Matt, but in 1949 who would’ve thought that we would gone this long without someone starting a nuclear war or since 2008 that we would’ve gone this long without a banking collapse? God is definitely the author and the finisher of this story, everyone else is just an actor on the stage, to quote W.S.

Bob Adolph
Member
February 26, 2017 9:35 am

Didn’t Stockman make some dire predictions a few months back that didn’t occur?

Bob Adolph
Member
February 26, 2017 9:33 am

Thanks James for this timely warning. This may give the president reason to slash the budget. The Dept. of Education could be eliminated, for instance.

Edana Estenes
Edana Estenes
Member
February 27, 2017 7:34 am

Funny you say that. Terry Bennett said the Dept. of Education would be eliminated. I think he said it was one of the first things to go.

Phanuel
Phanuel
Member
March 16, 2017 11:52 am

Z3 Update
So I had dream a few days ago in which I was flying close to a ceiling. I took the ceiling to mean 2400. The question is today’s high of 2388.10 close enough?

Today I had another dream. A lady behind a counter said I was chosen as part of the welcoming party of a person called Shaun V. I found myself on the 12th floor ( top floor) and planned to make my way down to the 9 th floor. I was looking for a woman whose name meant “Victory”. I was going to skip the 11th floor ( implying a gap down). Shaun means God is gracious. I think this is the V we are patiently waiting for. Combine this with the other revelation already shared and you see we are right at the door. The mystery of 3 floors shows up again. I think a floor is about 100 points (not sure about this), so that would imply a bottom around 2080. I also recently saw 2083.7.

Shalom

Johnathan
Johnathan
Member
March 22, 2017 12:02 am

Phanuel /Z3 , last weekend I had a very brief dream. In the dream, you were showing me a graph of a sharp decline and telling me how we would be at different price points on different dates. I only remember the last one. You said we would see 2300 on 3/23. I didn’t share this at first, because I haven’t received anything this specific before, so it could be wrong, but after seeing the move today, I thought I should. If the V has started, maybe 2300 or one of the numbers you saw (2286) might be around the bottom of the V. This would fit with a post from Jim Reeve where he expects a down move of around 100 points total and then a big move back up.
Also, do you think 9th floor in your dream could be showing this too? Not all the way down yet. I would think if this is what is going to happen, we could see the gap down happen tomorrow and then go down some more and hit the bottom on 3/23. They are voting on the healthcare bill on 3/23. Maybe the trigger for a move back up?

Jane NZ
Jane NZ
Member
March 16, 2017 4:19 pm

Hey Phanuel. Vision of opening up a door and letting in a salmon coloured cat named Zoe which means life. Yesterday I had a message formed in my thoughts for you regards the 23 March. That the date was too late. I prayed about it because I didn’t know if it was spirit or flesh. Anyway the LORD showed me that he had it in hand. That this was his battle and all we had to do was listen and move at his direction. So exciting watching the sea part and us moving forward prayerfully, in unity and strength.
Baruch atah, Adonai
Eloheinu, Melech Haolam,
borei p’ri hagafen.

Praise to You, Adonai our God, Sovereign of the universe, creator of the fruit of the vine.

Taken some liberties as have blessed the wine before we drink. Cheers to our family. Love Jane.

Phanuel
Phanuel
Member
March 16, 2017 12:01 pm

Also yesterday’s high was 2390…..

K Shine
K Shine
Member
March 16, 2017 12:34 pm

Thank you Phanuel! The Lord is awesome with you! Besides FAZ, will you trade this move down?

Phanuel
Phanuel
Member
March 16, 2017 4:20 pm

Your welcome K Shine 🙂
Still undecided on which other vehicle to use…..

Shalom sister

Fat B
Fat B
Member
March 16, 2017 1:47 pm

Phanuel, is FAZ at $42 still on the table?

Phanuel
Phanuel
Member
March 14, 2017 7:05 am

Wave 4 dowturn/March 23
If my understanding is correct we should see a hard downturn on March 23. This will count as Wave 4. It’s a 10 day count. The last 10 day count landed on Brexit 6/24, so March 23rd could be very significant. There is the possibility that the “10” could be a another day as “8” was Cheshvan 8 (Nov 8/9).

Shalom

TAJ
TAJ
Member
March 15, 2017 6:14 am

P, Shalom my friend- could you explain ” 10 could be another day… as 8?” Thanks

Phanuel
Phanuel
Member
March 15, 2017 9:01 am

Hi TAJ,
The last 8 (Cheshvan 8) was a specific day and not an 8 day countdown. I have other Intel that conveys this current “10” is a countdown, but there is still a chance it could be another day.

Shalom brother!

DLBM
DLBM
Member
March 14, 2017 5:41 am

Interesting read about Debt Ceiling, Fed rate hike, and possible Nexit coming this Wednesday March 15th.
http://www.zerohedge.com/news/2017-03-13/will-mid-march-madness-maul-stock-market-2017

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