Didn't he do enough damage in all the long years of his reign, why can't he just be quiet finally and retire?! Every week he has some new dismal comments and predictions.
Sounds like a former president that keeps sticking his face out there to criticize the following administration.
What these people don't accept is they are no longer the ones in charge.
Retirement means you are don't have the job anymore.
What Greenspan is saying isn't exzctly earth shattering..or did you miss Bernake saying the same thing yesterday?
Actually, we should probably be thanking him. He's ticked off about spending and our massive deficits. These are pushing the dollar down, and, as he rightly points out, will continue to push the dollar down until we get our spending under control. I'm actually grateful for the warning so I park my money in currencies/commodities that will appreciate against a falling dollar.
Because he has a very guilty conscience... Nonetheless, he won't admit that the policies of denial and rationlaization for inaction in the trade deficit he effectuated...and are still Gospel Writ today even yet...has to put out some spin to try and deflect attention from the key variables causing the declines.
Perhaps because for the first time in nearly 20 years his personal financial accounts are no longer frozen, and he can PROFIT by his own comments. Which may explain why he is commenting so frequently on a myriad of topics recently.