Hey Alan,your comments are neither wanted or appreciated. in other words just STFU.
He failed to credit himself for his contribution to the disaster.
Why doesn’t Greenspan his thoughts to himself?
If the odds are 50% of a recession, they what's up with saying the fed is unable to stop a recession? Ever since Greenspan left, he has done nothing but talk down the US economy as if he had nothing to do with the current situation.
Well Greeny, the your Fed started the recession by raising the fed fund rates too quicky and too high.
This from THE architect of âIrrational Exuberanceâ. He was all hot air and bubble production in the past and he continues on in that role now.
If high interest rates didn’t cause the economic problems, lowering them won’t help.
Also the stimulus. Our problem is not spending, it’s not producing. Goosing up consumer spending just kicks problems down the road till after election.
This from a guy who was a disaster as Fed Chief. Only the hack politicians and left wing media have heaped tons of praise on him. He was always a dollar late and a day short. Now, after causing a recession by his failure to act, and then allowing a housing bubble to happen because of his failure to raise interest rates, he can’t keep his mouth shut.
Greenspan, you suck big time. History will tell the truth about you. In the meantime, as a previous poster already has noted, STFU.
Greenspan is exhibiting irrational exuberance over the prospect of a Bush/Bernanke recession
Remember, this is the guy that wasn’t smart enough to see it coming.
Sought after my foot! He talks to his wife and she turns it into a news story.
Corrected headline.
Greenspan is an a** who is married to another a**. Isn’t he dead yet?
“Some analysts have said that low interest rates under Greenspan’s watch were responsible in part for the US housing bubble that burst last year, and led to the current financial crisis.”
it was not the low interest rates, it is the high energy cost which has affected the entire market.
perhaps, if energy cost would have been remained at reasonable levels, budgets would not have been busted.