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Re: Greenburg......The cheers die away!
about ******* time.Originally posted by Mega View Post
"Everyone on the iTulip.com management team has a name that's a take-off on Alan Greenspan, Larry Summers, and others that come and go from the scene as the financial drama that started with the Asia crisis in 1997 continues to unfold. It's more a fraternity than a formal organization, unified by a shared desire to keep the system functioning. My favorite target is Greenspan. While I respect his profound intelligence, his history suggests a man who has a personality trait that is a serious hazard for a central bank chairman: he wants to be liked. Volker, for example, didn't have that problem. Right now he's enjoying a reputation as the smartest central banker in history. But he's making nearly the same mistakes as his predecessors in the 1920s, providing too much liquidity at the wrong time, fueling a speculative mania during a time of rapid technological innovation. What will be learned from this -- again -- is that the Fed's rate and money supply moves can distort the market's utilization of capital, leading to credit and asset value excesses and potentially a bust. Greenspan may not go down in history as a hero." jan 1999 -
Re: Greenburg......The cheers die away!
My fear was he die before it hit, nope!
MegaComment
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Re: Greenburg......The cheers die away!
$2.3 Trillion - US national debt in August 1987 when Sir Alan took over as head of the Federal Reserve.
$8.2 Trillion - National debt in January 2006 when Sir Alan retired.
$5.9 Trillion - Amount of national debt increase in Sir Alan's 19 years of service.
Conclusion - Pure Genius.;)
Source "The Debt to the Penny" webpageComment
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Re: Greenburg......The cheers die away!
If you all continue to beat the dead horse of Greasespam's mendacity, it won't be long before you begin to get maggot splatter on your knickers.
I suggest that if you must continue beating the dead horse that you at least wear eye-protectors.Jim 69 y/o
"...Texans...the lowest form of white man there is." Robert Duvall, as Al Sieber, in "Geronimo." (see "Location" for examples.)
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Good judgement comes from experience; experience comes from bad judgement. Unknown.Comment
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