Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (80045)	6/27/2008 2:23:15 PM
From: axial	Read Replies (1) of 116555

Here's another one for you, Mish - "Likewise, I find it stunning that anyone would take any prognostication by Alan Greenspan or Ben Bernanke, on any subject, as worthy of consideration, given that the past and present Fed chiefs, respectively, apparently understand nothing about what has been the engine of the economy for more than a decade -- that is, speculation. Muzzle the (never-wuzza) maestro Just last week, Greenspan could again be heard shooting off his mouth. He now sees the reduced possibility "of a deep recession" and said, regarding the mortgage crisis, that "the worst was over or soon would be" (as paraphrased by Bloomberg). What really made me burst out laughing was this headline (again on Bloomberg): "Risk managers should learn from market turmoil." What's so ironic is that the man who created the turmoil is the one person who has never seemed to learn anything." More: articles.moneycentral.msn.com --- The question I keep asking myself is how can the markets continue to defy gravity. It's just crazy. The only reasonable explanation came in someone else's comment that recessions are like the 5 stages of death (Kubler-Ross): the stage we're in right now is called "denial". Jim

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