Check my pulse. Someone push the button on the defibrillator.
Sure I'm old and senile, but I'm important and my wife is uglier than I am.
Posted on 12/14/2007 12:35:04 PM PST by Perdogg
he is HER mouthpiece
It amazes me how this schmuck who played such a major part in creating the current mess gets such a pass from the MSM for his actions, and that people actually listen to this senile creep is beyond me.
Check my pulse. Someone push the button on the defibrillator.
Sure I'm old and senile, but I'm important and my wife is uglier than I am.
The lack of new loans and the failure of old ones that they refuse to write off, is causing deflation similar to the Japanese banking situation of the 90s.
The system is at a standstill. The smart money has fled to Treasuries steepening the yield curve and raising the Libor which only serves to further discourage new lending. Something has to give.
These bad loans must be written off now so that the system can recover
Boy, do you have that right.
As much as I liked Alan, his later life comments just kept sliding into a doomsday scenario whenever he opened his mouth.
I have especially fond remembrances of his "irrational exuberance" speech that cost me more than I can bear to think about.
Finally, I coined a phrase - "Greenspan is going to speak - hold on to your wallet.”
My wife found that immensely amusing and repeated it to anyone whever she had the chance.
After causing the 2000 recession, not getting the connection between rising oil prices depressing the economy, and focusing on the phony Y2K alarmism, Greenspan should be listened to because what?
Now we have rising oil prices, but most seem to be able to accommodate the increases. I wonder why he doesn’t suggest something like the Democrats allow for drilling in the good old USA for our own oil?
< FINGERS IN EARS >
LA LA LA LA LA LA LA
I CAN’T HEAR YOU!
Pimpco news.
Alan Greenspan needs to learn that it isn’t all about him. This would be a good time for him to shut up, and spend the rest of his life enjoying the company of his attractive, young (compared to him) wife.
Be nice if this one time economist would just go and relax. Seems each time he speaks it winds up costing me money!
I read Marketwatch each day just tracking the stock market and each day someone is writing articles proclaiming the economy of the USA is in a death spiral. The left is doing everything in their power to crash the economy since Iraq is a far gone conclusion that it will be won.
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