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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Chispas who wrote (44900)1/21/2006 5:09:26 PM
From: Chispas  Read Replies (2) of 116555
 
"Greenspan, in Batra's view, leaves in his wake millions without health insurance, mountains of consumer debt, and a record number of personal bankruptcies. Less strident critics complain that Greenspan has handed his successor, Ben Bernanke, a poison'd chalice. By their reckoning, he has kept interest rates too low for too long, and pumped so much liquidity into the economy that Bernanke will have to be adroit to avoid a recession--if it is indeed possible to do so. Nobel laureate Joseph Stiglitz says Greenspan, by supporting President Bush's tax cuts (as did Bernanke), leaves in his wake a country "with huge instabilities, . . . ill-equipped to face any kind of shock......" Continued
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weeklystandard.com
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