'We're going to replace Bubbles Ben with Calamity Janet': David Stockman

Former Reagan administration budget director, David Stockman, says the front runner to replace Ben Bernanke "hasn't got a clue."

"I think we are stumbling in to the end game of this whole mis-begotten . . . massive manipulation of financial markets," said Stockman in an interview with Bloomberg.

"We're going to replace Bubbles Ben with Calamity Janet. I think she has no clue how to wean pathetic Wall Street from its massive stimulus easy money that's been going on for this entire century."

Stockman released a book earlier this year bewailing the abandonment of the gold standard. Economists piled on.

Hat tip, Zero Hedge