Sur Alan

[don]

08 January 2011

Greenspan: Prove I Was Wrong!

The trickle down effect from a financial asset stock bubble will save the US economy (again).

Even odds chance of a US bond collapse unless the Congress gives the Banks what they demand.

Greenspan is the master of malpractice, a mad scientist of macroeconomics.

http://jessescrossroadscafe.blogspot...ove-i-was.html

[pianodoctor]

Re: Sur Alan

Fascinating interview as much for what is implied by where he obfuscates or vectors off to avoid answering the question that was asked, as it is for what he says directly. When you add it all together, it does look like an (unintentional) confirmation that the Fed likes to blow up asset bubbles (as if there were any doubt) but will never, ever admit it. He seems thrilled actually that they are blowing up a stock bubble now.

[oddlots]

Re: Sur Alan

You know I really wonder whether the best cut-to-the-chase, executive summary, pitch meeting version of the stuff we discuss on this site is this:

- relatively virtuous democratic state defiled by the power implicit in the dollar reserve standard