Trump thought the housing market was
Power Line (blog)Trump thought the housing market was “solid” in 2007 | Power LinePower Line (blog)Well, the U.S. economy is okay, but very, very fragile. Interest rates have to start being lowered. I think that Alan Greenspan, who is a friend of mine and a great guy, came out last week and he made the statement. But I believe interest rates are ...
Posted on 27 July 2015 | 9:49 pm
Commodity price drop killing Canada's
Business InsiderCommodity price drop killing Canada's economy - Business InsiderBusiness InsiderEven more dangerous than resource abundance is economic “guidance” from the feds. First, Alan Greenspan kept rates too low after the mini-recession of 2001. Then the Bernanke Fed pushed them down to near zero and kept them there for the last six years.and more »
Posted on 27 July 2015 | 1:38 pm
Alan Greenspan zur Wichtigkeit von Gold -
Investor VerlagAlan Greenspan zur Wichtigkeit von GoldInvestor VerlagAlan Greenspan war ein Gefangener des Systems. Greenspan, in dessen Amtszeit als FED-Notenbankchef eine der extremsten Formen des Geldmengenwachstums fiel, hatte nur einige Jahrzehnte zuvor regelrecht für einen Goldstandard geworben.
Posted on 27 July 2015 | 11:54 am
The Few Who Won't Say 'Sorry' for Financial
Bloomberg ViewThe Few Who Won't Say 'Sorry' for Financial Crisis - Bloomberg ViewBloomberg ViewMost notably, former Federal Reserve Chairman Alan Greenspan admitted error, saying as much in Congressional testimony. Greenspan was unintentionally ironic when he answered a question about whether ideology led him down the wrong path when it ...
Posted on 27 July 2015 | 8:21 am
Remember When Alan Greenspan Did Apple
GizmodoRemember When Alan Greenspan Did Apple Commercials?GizmodoBefore he helped create America's largest financial crisis since the Great Depression, Alan Greenspan was many things. He was an executive at an investment firm, an advisor to President Nixon, and a spokesman for Apple. Yep, as you can see from this ...
Posted on 22 July 2015 | 2:40 pm
When Buddy Holly was little, he insisted on getting on the stage with his uncle’s band and playing along with his fiddle. The unpleasant screeching caused the uncle to wax Buddy’s bow. Buddy could still play, but it didn’t bother anybody.
Posted on 13 April 2015 | 8:07 am
Rejection, repatriation and redemption in
Gillian Tett (Financial Times): "Do you think that gold is currently a good investment?" Alan Greenspan (private citizen): "Yes. Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it."
Posted on 28 March 2015 | 4:17 pm
The Labor Market Conundrum: The Cyclical and
Back in 2005, then Federal Reserve (Fed) Chairman Alan Greenspan mused on the failure of long term yields to rise, famously calling it a conundrum. Today, we face another mindboggling conundrum with equally significant investment implications
Posted on 24 March 2015 | 9:33 pm
What A Permabull Thinks Is The Biggest
Echoing the grave concerns of no lesser 'maestro' of manipulation than Alan Greenspan, Wells Capital Management's Jim Paulsen notes that while the U.S. stock market has risen by about 3 times from its crisis low in March 2009 ; much of this advance has been against a backdrop of disappointing productivity gains ... should productivity growth remain subpar, stock market risk seems to be rising ...
Posted on 24 March 2015 | 3:45 pm
The Unbearable Exuberance of China's
Chinese investors are acting as giddy as Americans were on Dec. 5, 1996, the day Alan Greenspan made his infamous "irrational exuberance" dig at markets. Here's what the country's securities regulator said Friday, the day the Shanghai Composite Index rallied to its highest close since May 2008: “Investors should be cautious about market risks,” the China Securities Regulatory Commission said on ...
Posted on 23 March 2015 | 8:45 pm
China’s Stock Response Has No Face
“There is no Alan Greenspan or Mario Draghi in China,” says Peng Junming, a former official at China’s central bank and now chief investment officer at Empire Capital Management LLP, a Beijing investment firm. He referred to the former U.S. Federal ...
Posted on 27 July 2015 | 11:11 pm
The drop in commodity prices is destroying
Why? Even more dangerous than resource abundance is economic “guidance” from the feds. First, Alan Greenspan kept rates too low after the mini-recession of 2001. Then the Bernanke Fed pushed them down to near zero and kept them there for the last six ...
Posted on 27 July 2015 | 4:45 pm
Strengthening US economy bolsters case for
All this has galvanised discussion over whether the Fed will be tempted to give a formal signal this week. That is what it did under Alan Greenspan in 2004, when it last initiated a rate-hiking sequence. In the meeting before the first increase ...
Posted on 27 July 2015 | 1:36 pm
Requiem for the Macrosaurus
Indeed, tomorrow’s economics will be so unlike that of today’s that it might just take a Hollywood device—like a mosquito preserved in amber, carrying, for example, the blood of Alan Greenspan, from which viable DNA can re-create this macrosaurus ...
Posted on 27 July 2015 | 4:19 am
Bursting of The 3D Printing Stock Bubble Vs.
Below we will discuss some of these similarities and differences. A phrase coined by the Federal Reserve chairman at the time, Alan Greenspan, who said that investors were irrationally positive or optimistic of the situation, has since entered the ...
Posted on 27 July 2015 | 12:44 am
Greenspan blows the lights out at crisis
The power was out for 23 minutes at a hearing where Alan Greenspan denied responsibility for the financial crisis before a panel investigating its roots.
Posted on 7 April 2010 | 9:26 am
Ex-Fannie Mae execs try to defend track
Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company's decision to back riskier mortgages that fueled the housing bubble.
Posted on 5 April 2010 | 9:59 am
Ex-Fed chief says economic downturn's end is
Former Federal Reserve chairman Alan Greenspan says the economic downturn is not quite over but that the end is nearing.
Posted on 2 August 2009 | 6:52 am
McCain says he would fire SEC chairman
Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems, said Thursday he would fire the SEC chairman and create a special trust to help strengthen weak institutions.
Posted on 12 September 2008 | 6:27 am
Analysis: Bernanke Adopts Greenspan Tone
Fed Chairman Ben Bernanke borrowed a page from Alan Greenspan's crisis playbook when he promised emphatically to cut interest rates further if the weak economy needs the help.
Posted on 10 January 2008 | 2:16 pm
Resolved Question: Was I dreaming when
Alan Greenspan is probably more responsible for the global economic crisis than any other human being alive. @Doc: I'm aware Doc. Which is why most people of the people in those circles consider him a total hypocrite.
Posted on 12 October 2011 | 10:55 am
Resolved Question: Alan
What was his role when the internet bubble burst.And how internet bubble burst change the America.What were the after consequences. Was Henry Blodget responsible for internet bubble. Thanks in advance
Posted on 7 June 2011 | 11:02 am
Resolved Question: Am I right in thinking
What is the age span between these two?
Posted on 27 May 2011 | 10:03 am
Resolved Question: How complicit do you
Although Alan Greenspan had already been replaced as chairman of the Federal Reserve Board (in 2006) by the time the financial collapse of 2008 took place, there are some who believe he contributed to setting the stage for the collapse when he WAS chairman.
Do you think Greenspan has some of the "blood on his hands?"
Posted on 30 November 2009 | 1:01 pm
Resolved Question: Is Alan Greenspan a two
''-- that gold and economic freedom are inseparable''
''But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline-argued economic interventionists -- why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely -- it was claimed -- there need never be any slumps in business. And so the Federal Reserve System was organized in 1913''
''The excess credit which the Fed pumped into the economy spilled over into the stock market -- triggering a fantastic speculative boom. ''
', statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression... (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed "a mixed gold standard"; yet it is gold that took the blame.)''
'the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.''
''new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.''
''In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ''
'The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.''
Don't tell me he just changed his mind because he was influenced by other writers.
I don't see how someone can go from believing in something so firmly and then abandoning it.
Posted on 16 September 2009 | 3:41 am