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

To: pstuartb who wrote (263940)	7/25/2010 9:48:09 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Around 1998 he became lost, confused and started to really screw up. Harmonically imbalanced. Went off the deep end lowering rates starting in 2001. What caused it, I'm not sure. He blew it big time. Maybe he could figure it out in jail.

To: pstuartb who wrote (263940)	7/25/2010 11:36:31 PM
From: koan	Read Replies (1) \| Respond to of 306849

Keynes' theory also says you have to pay the money back during good times. Greenspan did not follow Keynsian theory. He kept interest rates low so the corporate world had free money. It was all about Randian economics. It had nothing to do with Keynes! Greenspan let the unregulated free economy run wild. greenspans wife was in Rand's inner circle. Rand's group was a cult who had to get directions from her to even marry. Under Keynes theory Bush should have paid off the debt, instead of giving tax cuts to the top 1% of the very rich and throwing us deeper in debt. And clintons taxes should have remained in place until all the debt was paid back. We were doing well and clinton created 22 million new jobs. Bush inherited a huge surplus and then immediately gave it to the very rich, instead of paying off our debt!; and Bush ran the two wars off budget!