"I’m a libertarian." No kidding, Dave? Some of the wording in the article could have been written by Ron Paul or Tyler Durden at ZH! That doesn't make him (or they) wrong, it just kind of puts Stockman in a different light doesn't it? He has selective memory about who gave us deficits in the Reagan years and why? Tip O'Neil ring any bells? Anyway, BOT - we are just in the opening phases of the loss of confidence, we have a little bit further to go before we see implosion, but you can advance the big hand on the economic doomsday clock another notch.