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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (211058)12/22/2002 2:37:02 PM
From: mishedlo  Read Replies (3) | Respond to of 436258
 
Let me attempt to summ up Greenspan in a single sentence.

Greenspan is an arrogant self serving, liar scumbag of a FED fund manager, who went off the deep end in 1996 by deluding himself in believing he was a god who could do no wrong, suckered into believing a nonexistant productivity miracle to the point that he could not see a bubble right at the very height of the mania that he himself warned about 4 years earlier, delusional to the point that he thought he could solve any problem that ever existed by throwing money at it, and whose only mission left in life now is a desperate attempt to prevent himself from going down in the history books as the worst FED fund manager ever, regardless of the long term costs of his foolish mission to avoid destiny with history by by taking enormous risks in an extremely foolish attempt to reinflate the stock market bubble thereby creating 4 bubbles(credit, housing, debt, stock market) where there was once only one, all in a reckless attempt to save face by delaying a needed crash in a stock market bubble that he created, and is now attempting one last hail mary .01% percent chance by continuing to expand the debt and credit bubbles, hoping against hope to right this sinking ship just so that he can absolve himself of any blame.

Does that summ it up in a single sentence?
Someone care to diagram it?
M



To: stockman_scott who wrote (211058)12/22/2002 5:18:40 PM
From: Dr. Jeff  Respond to of 436258
 
Insanity must be a requirement to be a Fed member, past or present.....

<<<<< Alan S. BLINDer, a Princeton University economist who stepped down as the Fed's vice chairman in 1996, agreed.

"To those who say the Fed failed to prevent this catastrophe I say, 'What catastrophe?' " said Blinder, co-author of "The Fabulous Decade," a book about the 1990s economy. "As far as I can see, the damage to the real economy and to the financial system has been somewhere between little and none." >>>>>

He sure lives up to his name, because he certainly is BLIND.....