We still have two more blood-red Moons to go for the lunar eclipses on Passover and Sukkot for this Lunar Tetrad.
May we live in interesting times!
Greenspan is right. The question, of course, is when. I really thought interest rates would really make a move up after the 2010 election. And here we are 4 years later, and loan and savings rates are about the same.
ping
Here is the correct link http://www.zerohedge.com/news/2015-02-22/alan-greenspan-warns-there-will-be-%E2%80%9Csignificant-market-event-something-big-going-hap
It’s going to be interesting watching how the Fed goes about extracting itself from the position it now finds itself. Essentially, if they raise rates it’s going to cost the Fed a lot of cash flow and probably also cause a huge hit to their portfolio of long bonds as well. We could be talking hundreds of billions of dollars if rates just go back to 4-5% on the short end.
In fact, I believe that’s one of the reasons that the Fed has dithered so long on raising rates. It is likely to cost them a lot of money when they do so.
The market will not crash before 2017 when the new Republican President is sworn in.
So, what should we do with our $ Alan/Andrea?
Glenn Beck
Alex Jones
Alan Greenspan?
Something will happen.?.... well duh...
We’re living through the endgame of the modern progressive state. The thrashing of the monster as it dies will be very bad. Don’t know where or when. It took a long time for Rome to fall.
We don’t have a real economy anymore. We pump them up with money for nothing until they explode, like the housing bubble, and like the stock market bubble we have created now. Debt, ...no worries, print more money. It’s free. Greenspan is as much to blame for this sack of crap as anyone, so he should know where it is going.
“we really cannot exit this without some significant market event”
Body Mortgages.
I laughed my head off when I saw this article and the comments at ZH. They’ve cussed this guy and said he’s a know-nothing and/or evildoer for years but now he’s a genius and “he’s finally telling the truth”.
When you change 6 years of zero interest rate policy you will have a market event?
No kidding.
And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan.
...
I guess that means there is no single person out there who understands U.S. monetary policy.
Except for me of course. The operating theory of the FOMC, that increases in wages causes inflation is about as wrong as wrong can be, except maybe for the Global Warming Hoax.
Greenspan may be correct this time but that doesn’t change the fact he kept rates too accomodative for too long helping to lead to the crash of 08. He isn’t the brightest bulb out there.
How were they resolved? Glass-Stegall has not been reinstated so banks can still gamble with customer's money. The "Bernanke Put" is still in effect, Derivatives are still based on nothing but Unicorn Farts and Fairy Dust and the Fed is still printing money faster than the donuts disappear at Rosie O'Donnell's favorite breakfast bar.
Oh yeah and Congress has spent more in the last few years than all the Congresses combined from the 20th Century back to the founding of the country.
The economy is based on nothing but Consumer spending and we have more people without work than anytime in the history of the country.
The bubble will pop. It is just a matter of when and how big the bang will be.
ooooooooooooooooooh crystal ball
DISMANTLE the FED
FAG
infomercial? Comments?