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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Knighty Tin who wrote (22023)	11/19/2004 1:26:39 PM
From: John Vosilla	Read Replies (2) of 110194

I think Greenspan has done a total reversal of the inflation hawk he was in the first half of his 17 year term. It is when he thought somehow he could smooth out the economic down cycles by inflating assets to keep consumers borrowing and spending that the real problems started to occur. His comments these days are truly to cover his ass. Hey he told everyone they borrowed to much even though he gave no incentive to save. That housing price rises were unsustainable yet he tell everyone to get an adjustable rate mortgage so they can go into even greater debt on an even bigger home they could never really afford. That they needed to further educate themselves even though many of the good paying jobs are in housing that don't require much education. <Yeah, this is Greenspan's way of saying that the coming depression is all Bush's fault, not his. Admittedly, Bush is a monkey fish, but Greenie has been working on destroying America since Reagan, so it isn't all the fault of monkey fish economics>

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