"Meanwhile just-released industrial production numbers show a stronger-than-estimated 0.3pc rise in November, reversing an October decline.
Manufacturing output rose 0.4pc in November after a 0.6pc drop in October, boosted by a 1.7pc rise in cars and car part production and a 2.1pc increase in computer and electronic products output.
The figures suggest that the US economy is continuing to grow, in spite of comments to the commentary."
ping
This bloke just doesn’t know when to shut the heck up..
Greenspan needs to STFU. Just like ex-prez Clinton, he can’t shut up, even though he is not in power any more.
Always has to be about themselves.
Greenspans plan is to attempt to talk the economy into a recession and then claim he would have kept it going had he stayed on. He does have a book to sell, afetr all.
We’re doomed without you, Alan. Doomed.
I think we have a consensus.
Stuff a sock in it, Greenspan.
A robust, autonomous, and homeostatic system like the United States free market economy doesn’t and shouldn’t need the variable tweaking micromanagement techniques Greenspan has been advocating for decades. Retire already Alan.
Has the United States has two consecutive quarters of declining growth yet? Has it even had one quarter of declining growth?
I blame Congress for this. They need to get a handle on this country before a recession turns into a depression. These guys are useless and need to be replaced or get off their butts. Stop the bickering and take care of this country. No new taxes, stop the pork and the spending of money they don’t have. Stop the borrowing from China and other countries. Give small companies incentives to start manufacturing in this country.....and large companies for that matter. Get away from this climate change crap that will ruin this country....especially since it’s a lie. There’s so much they can do to save this country......unless their controllers don’t want to save us. Look to the money people that want to control this country. Close our borders until things even out. Get rid of the anchor baby crap and that will stop illegals.
Hmmm ... I was sure I read that he died.
Oh, only retired?
It’s funny. He puts this out at the same time the nurse comes around to change his diapers.
Does anybody see flares in the distance, or is this a cowinkidink?
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.
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
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?
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.