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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (233922)	12/22/2009 2:11:44 AM
From: NOW	Read Replies (1) \| Respond to of 306849

The Crazy, Crazy People Running This Planet from A Tiny Revolution by Jonathan Schwarz While chairman of the Federal Reserve, Alan Greenspan was perhaps the most powerful person on the planet. He was certainly always in the top three. And he was a lunatic. You may remember this letter to the editor by Greenspan that appeared in the New York Times in 1957, when he was 31 years old: Atlas Shrugged is a celebration of life and happiness. Justice is unrelenting. Creative individuals and undeviating purpose and rationality achieve joy and fulfillment. Parasites who persistently avoid either purpose or reason perish as they should. Uh...that is quite an interesting insight, Mr. Money Guy. backing away slowly But there's more, from this interview with economist Paul Samuelson shortly before he died: And this brings us to Alan Greenspan, whom I've known for over 50 years and who I regarded as one of the best young business economists. Townsend-Greenspan was his company. But the trouble is that he had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy. He actually had instruction, probably pinned on the wall: "Nothing from this office should go forth which discredits the capitalist system. Greed is good." It's amazing any of us are still alive. —Jonathan Schwarz

To: Skeeter Bug who wrote (233922)	12/22/2009 8:46:26 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

also of note is that an ever increasing requirement for debt is an exponential function. exponential functions ar enot sustainable - hence the system eventual broke down and is currently in the process of breaking down. market-ticker.denninger.net note the flat part at the top of the curve - THAT IS WHAT SCARES THE H*LL OUT OF BERNANKE, GEITHNER AND OBAMA. if debt declines, the financial WMD that is debt based money literally IMPLODES. SB....don't forget a rolling loan carries no loss.. this is the game bernanke is playing.... it's called 'kick the can' obama is pissed because 'banks aren't lending' (here's a hint BO...not only are they not lending, borrowers aren't borrowing) the entire focus of washington/the fed is that DEBT creation equals WEALTH.... it does not... it can POTENTIALLY, for example borrowing to build commercial RE in an expanding economy that yields not only price appreciation, but also free cash flow.... we are not living in that environment today....we have excess capacity on nearly every level of consumption but debt creation is the only page in the fed's playbook to keep the 'expansion' moving ben: horse, meet water, now DRINK horse to ben: youtube.com