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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Little Joe who wrote (91833)12/20/2008 11:39:43 AM
From: philv  Read Replies (3) of 116555
 
"How long ago was it that Allan Greenspan was an economic genius?"

That statement, economic genius, is a contradiction in terms.

The entire Greenspan era was a giant ponzi scheme, where prosperity depended on ever increasing debt. He was Knighted for his economic genius. Madoff too will be going somewhere big. But not London. Madoff won't be sharing a bunk with Sir Greenspan, because one's scheme was legal, the other was not.
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