SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who started this subject2/25/2004 11:00:22 PM
From: gregor_us  Read Replies (1) of 116555
 
Greenspan Has Got Me All Spooked and Jittery.

I was just beginning to adjust to his Orwellian Style, in his series of public appearances over the last several weeks--and then he pulls a fast one on me: he starts telling the truth.

My knees are shaking.

First he warns that FNM is a house of cards and uses commentary that points very strongly to the serious issues of rate-risk and hedging risk.

But today was the whopper: he actually acknoweldged that the deficits were a looming, structural problem--and basically painted a portrait of future austerity measures as unavoidable to maintain even reduced standards of living. Oh, man...

So why are my knees shaking? Because now I understand why Greenspan went Orwellian for the past several years: telling the truth connects too quickly, to powerfully with existing reality--and makes the outcomes of that reality all the more--gasp--inevitable.

At times like these, it is critical to understand how crowds work. And one sturdy feature of crowds is the unique process by which they come to "know a thing."

Greenspan moved the crowd along, much faster towards reality today. Still not sure why he did it. But he did.

I expect reactions, and soon, from what he has "done."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News