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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: UncleBigs who wrote (46558)12/4/2005 12:19:52 PM
From: John Vosilla  Respond to of 110194
 
"Won't it be ironic that Greenspan will probably go out to a universal round of applause while historians will likely view him as the worst central banker (or second worst after Bernanke) in history for creating bubble after bubble and perpetuating the massive imbalances"

Isn't it amazing how many cheerleaders are on the boob tube telling us how wonderful the economy is these days? Then there is the doom and gloom crowd still waiting in the wings. All I know is things will be very different and hell to pay for all this misallocation of capital and excess debts on consumer and government levels. Will strong corporate balance sheets,new capital investment and new innovation save the day along with the incredible wealth and spending power built up by a decent segment of the population?