Thread: greenspan still has excellent timing

95082

Originally Posted by ;

well as fed main that he was paid something like 150K per year, his history shows that he isnt money hungary. But his publisher probably is! LOL

btw, I thought of another highlight... did anybody else hear greenspan say mission accomplished after being told that the sentate couldnt know his fed talk? This is a stunning entrance If I understood what I thought I heard.

If so he's earned my respect. I simply wish economists, economists, weather forecasters and so on could come together and have a confession day in which they all tell us they were sorrythey didn't actually mean to lie to us, but they needed to because it was their occupation. Imagine when it's the job to (among other items ) confuse people in order to ster their risky force in various directions during difficult times, therefore avoiding additional crisis. Beautiful.

95090

Originally Posted by ;

Imagine when it's your job to (among other things) confuse people in order to ster their risky force in a variety of directions during tough times, thereby avoiding further crisis. Beautiful.

Wow, well said.

This CNBC interview tonight ought to be even better. You know maria is currently going to be digging DEEP about fiscal matters, she's a pitbull.

95090

Originally Posted by ;

wow, nicely said.

Thanks . I'll be tuned in for that interview for sure. Tonight will be a hot night - with cold temp it is 55 degrees!

95090MerlinI swear I've never seen you post so much in one thread before... are you a Greenspan groupie? LOL. . .or possibly, a Greenspam groupie? ROFL...

Of inflation? Where the f**k has that guy been? The measure of inflation is BS. Core inflation doesn't account for gas or food prices. The two items that indie inflation the most in the world! Gas prices are likely to get now that oil is breaking the $80 per barrel barrier. Higher fuel costs result in higher priced everything especially food. Have a look at the price of a gallon of milk in comparison to 5 years ago. Don't even ask me in a box of cereal.

But here's food for thought. The US is up to its eyeballs in debt. Inflation devalues debt. Type of paying debt with more debt. Reducing the rates this week goes to meet that step. Policy makers say inflation is a bad thing, but off the record, they sigh a breath of relief if they look at how a dollar decreases the debt to the likes of China. Let's just pull out that last credit card to pay towards the rest and deal with the consequences after, eh? I'm looking for the quote, however some govt' official was saying that once war with Iran has underway, people won't notice inflation.

Lowering the rates are supposed to assist the markets keep from crashing? That's going to occur anyway. One finger in the dam isn't going to do any good in the long term.

I think Greenspan's speaking to global things should combine the conspiracy theorists. I mean, substitute globalize and it paints a different story.

95090

Originally Posted by ;

The re-emergence of inflation? Where the f**k has that guy been? The measure of inflation is BS. Core inflation does not account for fuel or food prices. Both items that inflation that the most in real life! Gasoline prices are likely to get higher now that oil is breaking the $80 per barrel barrier. Higher fuel prices lead to high priced everything especially meals. Look at the price of a gallon of milk compared to 5 years back. Do not even ask me about a box of cereal.

But here's food for thought. The US is up to its eyeballs in debt. Inflation devalues debt. Type of paying debt. Reducing the rates this week goes along way to meet that step. Policy makers say inflation is a terrible thing, but off the record, they sigh a breath of relief when they look at how a dollar lowers the debt. Let's just pull out that credit card that is last to cover towards the rest and deal with the consequences after, eh? I'm looking for the quote, but a few govt' official was saying that after war with Iran has people won't detect inflation.

Decreasing the rates should help the markets keep from crashing? That's going to happen. One finger in the dam isn't going to do some good.

I think Greenspan's speaking to international things should combine the conspiracy theorists. I mean, every time that the guy says global is globalized by substitute and it paints a different story.

That I don't have any clue what you just said but anybody who swears and gets passionate about something they believe in is fairly cool in my book.

95090

Originally Posted by ;

I have no clue what you just stated but anyone that swears and gets passionate about something that they believe in is fairly cool in my book.

LOL. Basically, I type a lot but did not say much.

I was a fan of Greenspan until I woke up and realized the repercussions of the FED. He gets the majority of the flak, but he's just the face.

95090

Originally Posted by ;

Merlin, I swear I've never seen you post a lot in 1 thread before... are you a Greenspan groupie?

Look at my profile image (attempting to help him out with publication sales)

seriously though, greenspan is one of my idols. Guys like him, jp morgan, alexander hamilton, I have such respect for these fantastic figures that are financial. Mabe its the super-capitalist within me

95090

Originally Posted by ;

I was a lover of Greenspan before I woke up and realized the repercussions of the FED. He's only the face, although he gets the majority of the flak.

To not defend the fed here, but why does there have to be someone to blame? Doesnt everyone understand that things can go horribly incorrect without anyone being at fault? Seems like the media's job is to discover out to point the finger, yet problems happen so naturally that there is hardly a single source that the difficulty can be attributed to. This credit crunch, for example, hundreds of thousands of people in such a complex and varied scenario, which can be affected by hundreds of thousands of individuals, how do we possible be smart enough to get the source of the issue?? I consider such problems simply as natural cycles of character that is human, and of course I think about how to profit from it