Greenspan

Just as I breathlessly thanked everyone for our first year and alluded to all the drama of the past year that has seemingly passed us by, something else creeps up. Rick Greenspan has resigned as athletic director at IU, effective at the end of this calendar year. The Infractions Committee has also charged IU with [...]

Greenspan spurs concerns about Bahamian tourism: By INDERIA SAUNDERS, Guardian Business Desk - Nassau, Bahamas: WASHINGTON, DC — The Bahamas may have missed out on the Caribbean's most bullish tourism market ever, with no one other than Alan Greenspan telling industry insiders a record numbers of Americans headed south in March — the same month Nassau saw a decrease in the number of visito

Greenspan says credit crisis easing  - MEXICO CITY   MEXICO CITY - UNITED States financial markets, roiled by the collapse of the sub-prime mortgage market, have shown a ‘pronounced turnaround’ since March, says Mr Alan Greenspan, the former US Federal Reserve chairman. The worst of the credit crisis is over, or will be soon, and there is now [...]

MEXICO CITY - FORMER Federal Reserve chairman Alan Greenspan told the Latin American Economic Forum here that he sees a reduced possibility of a deep recession in the United States.'I think the worst is over,' Mr Greenspan said of United States economic woes, speaking via video-conference from Washington on Friday.There is now a 'reduced possibility' of a deep recession, the former Fed oracle said

The worst is over for the credit crisis, or will be soon, and there is now a "reduced possibility" of a deep recession, the former Fed chairman said in remarks via satellite to a conference in Mexico City. He added that he has a "sense" that tax rebates have helped retailers.

Alan Greenspan has frightened away the specter of economic "bubbles." He spoke and the economy must obey. According to Reuters, the former Fed head said "he... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

More than three hundred reportedly authentic secret Federal Reserve wire transfer records show how the Chairman of America's private central bank has apparently bribed and aided in corrupt deeds George Herbert Walker Bush and his family, all over a period of time. Later, Greenspan reportedly jointly with Bush and a swarm of major financial entities, derived a horrific benefit in a major gold

Alan Greenspan, Warren Buffett, and George Soros have made a cottage industry from commenting on the odds for and state of a recession. None of them needs... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

LONDON - A RECESSION in the United States remains a probability, former Federal Reserve chairman Alan Greenspan said in an interview published on Tuesday. Speaking to the Financial Times from Washington, Mr Greenspan said he believed 'there is a greater than 50 per cent probability of recession'. He noted, however, that 'that probability has receded a little'. The likelihood of a severe recession

Autor: Greenspan, Adam. Edición: 1ª (2006). Tratado de referencia en radiología de huesos y articulaciones; con todas la técnicas de imagen planteadas de manera coherente. Contiene RM, Ecografía, TAC... Interesado en este libro?. Lee más y descárgalo gratis desde nuestro blog..

Indiana fans in the Southern Indiana-Louisville area will have a chance to listen to Tom Crean, Bill Lynch, Rick Greenspan and Felicia Legette-Jack speak at Huber’s on May 28th at 5:30 p.m. Tickets are $50 each and you can get more information by calling Leslie Wright at (812) 967-3052.

It sure is funny how Wall Street and investors around the world used to fixate on former Federal Reserve Chairman Alan Greenspan. Every word, every action of the economist was scrutinized to no end as if correctly deciphering it would mean untold riches. Conducting this process was all the more impressive considering the [...]

– Dan Dakich talked to Terry Hutchens of The Indianapolis Star and the former interim coach addresses Kelvin Sampson, Armon Bassett, Jamarcus Ellis and the overall state of Indiana basketball. Dakich will get $180,000 promised to him by the university and hopes to coach somewhere next season. Dakich was criticized for kicking Bassett and Ellis [...]

After the better part of two years of incorrect predictions and an autopsy of what lead to the current credit environment, and his flaccid defense of his termAlan Greenspan's statements no longer effect markets......thank god. In a NY speach Greenspan said that the worst of the credit crunch was over. Now, this simply follows statements from Merrill Lynch's (MER) John Thain, JP Morgan's (JPM) Jamie Dimon, Berkshire's (BRK.A) Warren Buffett and Treasury Secretary Hank Paulson saying the... Continued at Todd Sullivan's ValuePlays

Whether you think Greenspan was the greatest Fed Reserve Chief or the biggest douchebag for helping cause the recent housing meltdown, you can bid for the opportunity to have lunch with him along with Andrea Mitchell at CharityBuzz on behalf of the Robert F. Kennedy Memorial Auction. CharityBuzz is kind of like an eBay that helps non-profits run charity auctions. The current bid for the lunch is $16 grand. What a bargain.

Business Times - 06 May 2008 US RECESSIONGreenspan: US is in an 'awfully pale recession' Continued stagnation this year may be the best the US can hope for (WASHINGTON) Former Federal Reserve chairman Alan Greenspan said the US has slipped into an 'awfully pale recession' and may continue to languish for the rest of the year. 'We are clearly receding', with economic growth now at about zero per cent, he said in an interview with Bloomberg News.Mr Greenspan, who now consults for clients including Deutsche Bank AG, also said it was too soon to declare the end to the credit crisis stemming from the collapse in the US sub- prime mortgage market. The former Fed chief's assessment echoes figures in the past month that show declines in the manufacturing and housing industries, though fewer job lo

Wants Public Funds To Bail Out Mortgage CrisisFormer Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economy was in recession, and said it would be appropriate to tap public funds to resolve the mortgage-related crisis that has helped pull the economy under.In an interview with CNBC television in which he defended his chairmanship of the U.S. central bank against charges that his policy missteps had laid the groundwork for the current crisis, Greenspan said Fed decisions on his watch were rationally constructed based on evidence at the time.Greenspan went farther than the Fed has by saying outright that the economy is in a recession, although he said it is too soon to say how deep or prolonged the downturn will be.Read Article... Recession Economics Economy

Many have claimed that the responsibility for the current housing crisis rests on the shoulders of Alan Greenspan, the former chief of the Federal Reserve. These critics claim that Greenspan allowed low rate loans to hang around for far too long, destabilizing the market. He responded to these critics in a speech today.”What is fairly [...]

According to CNBC: Fed Didn’t Inflate the Housing Bubble: Greenspan Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors. In an article in Monday’s Financial Times newspaper, Greenspan wrote that the housing bubble which inflated between [...]

This from the Wall Street Journal: I was praised for things I didn’t do,” Mr. Greenspan said during one of three interviews at his sun-drenched office in downtown Washington, D.C. “I am now being blamed for things that I didn’t do.” Now 82 years old, Mr. Greenspan wants to set the record straight before the ink dries [...]

Greenspan: US home prices may stabilise this yearWednesday • April 9, 2008— BloombergFormer US Federal Reserve Chairman Alan Greenspan said the drop in American home prices will probably end "well before" early next year as the number of houses on the market diminishes, aiding an economic rebound."It will not be until early 2009 that we will be close to having eliminated most of this home inventory," Mr Greenspan said yesterday. "But it is very likely that home prices will stabilise well before that."Mr Greenspan said the health of the United States housing market is tied to broader financial markets that rely on bundling mortgages to sell as securities.His successor, Mr Ben Bernanke, and other Fed officials highlighted declining home prices as a major economic risk that may hurt house

From Bloomberg:Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end "well before'' early next year as the number of houses on the market diminishes, aiding an economic rebound.Does this offer us some hope? Not really, because Greenspan also said the recovery will be "slow and hesitant".Did Alan Greenspan caused the bubble which is burst now? He defended the increasing criticism in an article published at Financial Times:The former Fed chairman says the most likely cause of this global house price boom was a “dramatic fall in real long term interest rates” around the world, which he believes was caused by abundant global savings. In any event, Mr Greenspan says, it is only with hindsight that it looks like the US economic recovery was wel

What is Greenspan doing? Ben Franklin once said "better to be thought a fool than to open ones mouth and remove all doubt". Greenspan's constant rhetoric is inviting a far closer scrutiny of his record and actions than would have happened had he just kept quite. After his retirement in 2006, rather than just fading away and enjoying the years he has left, the 82 year old Greenspan decided he was going to become an author and prognosticator. His actions both spooked markets as the... Continued at Todd Sullivan's ValuePlays

Critics say Greenspan, under whom U.S. rates went from 6.5 percent in late 2000 to 1 percent in mid-2003, eased policy too much and then took too long to tighten again. That, they say, spurred excessive mortgage borrowing and stoked the housing bubble that is now the root cause of the credit crisis. But Greenspan said the Fed cut rates to spur growth and prevent deflation and, at that time, dissenting votes on the policy committee were from those who wanted rates even lower. Analysts also blame Greenspan for failing to press for stricter rules for bank lending to consumers with weaker credit records, and for not anticipating the subprime mortgage meltdown. "I was praised for things I didn't do," Greenspan told the newspaper. "I am now being blamed for things that I didn't do." &nbs

LONDON, April 7 (Reuters) - Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

This shouldn’t come as too much of a surprise to anyone out there, but according to some e-mails the Bloomington Herald-Times acquired via an open records request, Rick Greenspan shouldn’t quite be the fall guy for the Sampson hire. As there have been rumblings about since Sampson was in hot water this season, former IU [...]

Finally, a Daring Baker's Challenge this gluten free, ginger lemon girl could handle! They really believe in a serious challenge every month, those pesky Daring Baker's! But I love it! It's fun to be given a secret challenge once a month to bake something that I most likely have never baked before! This month's challenge, hosted by Morven, is Dorie Greenspan's Perfect Party Cake.Can we say SUGAR HIGH?Oh my goodness. Yes!Actually, as much as I love sweet desserts, Hershey's chocolate bars, and chocolate icing... I just can't take things SUPER sweet. I really can't. And this cake IS SO super sweet!!It's a beautiful cake and it was relatively easy to convert to gluten free, but next time I will cut the sugar in half... or more. I also need to work on how to change the consistency of the cake

As the “blue ribbon” search committee moves to get a coach in place before Saturday’s Final Four in San Antonio, IU fans are gathered at this very blog, other blogs, message boards and water coolers at work commenting about the direction of the program. There are contrasting opinions on who the choice should be, but there [...]

WASHINGTON, Mar 21, 2008 (UPI via COMTEX) — NO MATCHES FOUND. | news | PowerRating | PR Charts — Former U.S. Federal Reserve Chairman Alan Greenspan defended his interest rate policy, but said he should have monitored banks more closely. “I don’t know a of a single example of when interest rate policy has been successful [...]

Up and coming hip-hop artist Greenspan released his new project “Got Green” in January 2008. The new album features original music with soulful sounds and a passionate delivery. The album gives an in-depth look into Greenspan’s talent, personality and him as an individual. ’Got Green’ hosts a lineup of guest appearances including Columbia recording artist [...]

Former Fed Chairman Alan Greenspan has written an article in the Financial Times concerning how the risk models used during the recent housing & mortgage boom ultimately failed. Although written in his signature "Greenspan prose," there are definitely some interesting takeaways:The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the second world war. It will end eventually when home prices stabilise and with them the value of equity in homes supporting troubled mortgage securities.Home price stabilisation will restore much-needed clarity to the marketplace because losses will be realised rather than prospective. The major source of contagion will be removed. Financial institutions will then recapitalise or go out of busine

Book Description ISBN-047139906X Power . . . Personality . . . Paradox When Alan Greenspan talks, Wall Street listens–as do bankers, investors, politicians, and economists throughout the world. He is the number one arbiter of U.S. monetary policy–credited, as Chairman of the Federal Reserve, with having simultaneously held inflation down and kept the economy growing throughout the [...]

Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker 格林斯潘:世界上最强大的银行家# Author:Jerome Tuccille# Format:PDF 1.1MB# Page Count: 302 pages# Publisher: Wiley; 1 edition (August 16, 2002)# Language: English# ISBN-10: 047139906X# ISBN-13: 978-0471399063As the book's title suggests, Alan Greenspan, chairman of the U.S. Federal Reserve, is probably the world's most powerful financial figure. Tuccille, a financial writer and biographer (Rupert Murdoch; Trump), covers Greenspan's life from his 1926 birth through early 2002. He recounts Greenspan's close relationship with his mother after his parents' divorce, his two marriages, and his affinity for both mathematics and music. Although he played jazz professionally, Greenspan chose to follow his mathematical side

After rallying 11.5% into Feb 4 following the Jan 30 FOMC announcement, the stock market has already given up 4.9% of those gains inside two days. As mentioned earlier, the Fed stimulus might prove meaningless in an environment where market participants feel the Fed is behind the curve rather than ahead of the curve. "Accommodate Away" seems to be the Ho-Hum refrain as the feeling grows that it may be too late for intervention to work in a meaningful way and thus kick the stock market to the gutterThe amazing cushion that the stock market does enjoy, and should be a great comfort to equity investors is that the SP500 is yielding 2.4% priced at 1350 in the futures market while the 2 year note only yields 2.0% today. I am not sure that has ever happened in my investing career before. If ther

UPSTATE NEW YORK...12/20/07 2:00 pm EST... Giving a press conference from the bedroom of his new home, the Happy Trails Home for the Aging, former Chairman of the Board of Governors of the Federal Reserve, Alan Greenspan, was asked if his arrogance, or perhaps stupidity, had caused the dot com and/or current housing crises. Remarked Greenspan, "My roommate and me . . . we eat paste" Asked then

Alan Greenspan Was Incompetent And Ben Bernanke Only Knows Academics - Not Reality. Barron’s Economics Editor Gene Epstein looks at the Federal Reserve’s role in the housing crisis. No Tags

"The recent PPI data that showed a 3.2% (highest in 35 years) monthly increase in wholesale prices, and a 0.8% rise in the CPI, brings about a conundrum reminiscent of the so called double dip recession we saw in the early 1980s. Eerie similarities from that time period are popping up every day: record oil prices, a weak consumer, and a limping housing market, all lead to a higher likelihood of recession in 2008 than most economists are letting on - note the terrible accuracy of recession predictions in the past. The collective environme

Keynes to the rescue! thebankruptcynewsdotcom Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program. From Keynes to Monetarism and back to Keynesian economics. Oh, the American economy has gone a long way since The end of laissez-faire. If you don’t know what I am talking about, you may want to read this article. Don’t get scared, but it is the economic philosophy used to get us out of the great depression. Greenspan: Give Homeowners Financial Aid: Financial News - Yahoo! Finance This article is part of the series "Documenting The Hyperinflationary Genesis"Bernanke’s creative solution: Let’s do it againAt a financial crossroadsHow to survive hyperinflationLet the party begin. We will be dead tomorrowI have $ 100,000,000,000 and yet I can’t retireIs the Dow Jones at a new

This morning, former Federal Reserve Chairman Alan Greenspan appeared on the ABC program “This Week” and talked with host George Stephanopoulos about the risks of recession and stagflation, and what could be done, if anything, to prevent more homeowners from losing their residences. On the probability of an economic recession in the United States: Well, that the probabilities of a recession have moved up to close to 50 percent — whether it’s above or below is really extraordinarily difficult to tell. I think that’s correct. On the prospects for stagflation in the U.S.: Well, I’m most concerned about it… and the evidence is clearly there in rising export prices coming out of China. It’s coming out — it’s showing up in a slowed rate of productivity growth in the United States and elsewhere, and we are beginning to get not stagflation, but the early symptoms of it. The former head of the Federal Reserve also discussed the current housing crisis in the United States, th

By Christopher WelliszDec. 16 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he sees warning signs of so-called stagflation, a combination of slow economic growth and rising prices.``We are beginning to get not stagflation, but the early symptoms of it,'' Greenspan said on ABC's ``This Week'' program.``We had a period of remarkable disinflation'' in the years following the end of the Cold War, when inflation rates declined, Greenspan, 81, said. ``That period is now coming to an end.''Greenspan cited rising prices of Chinese exports together with declining productivity increases in the U.S. and elsewhere as signs that the era of declining inflation rates may be ending.U.S. consumer prices rose the most in more than two years last month on record energy costs, a government report last week showed. The consumer price index increased 0.8 percent in November, up from 0.3 percent the previous month. Prices excluding food and energy climbed 0.3 percent.

It is amazing that Alan Greenspan keeps denying that he had anything to do with creating the Real Estate bubble in the US. The Fed cut rates down to 1% and injected lots of money into the system helping fuel the bubble. On top of that, the Fed did nothing to stop lenders from handing money out to anybody with a pulse. You have people without jobs buying houses with no money down and negative amortization mortgages. We are all now paying the price for all these ridiculous exotic mortgages. AP via USA Today reports: Greenspan again rejected criticism that his policy actions helped feed a housing boom that eventually went bust. Critics say Greenspan fed the boom by holding interest rates too low for too long after the 2001 recession. To have prevented such euphoria in housing that fed a bubble in prices, Greenspan said the Fed would have had to jack up interest rates so high that it would have damaged the economy. “That would have broken the back of the economy, and brought the hou

Fallout from the sub-prime mortgage crisis wreaked further havoc yesterday as Bank of America, Wachovia and PNC all said that investment write-downs would be worse than forecast as the credit crunch worsened.

Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006, current President of Greenspan LLC and author of The Age of Turbulence: Adventures in a New World, tells current chairman of the Federal Reserve Ben Shalom Bernanke that his rate cuts are not going to have the intended effect. Writing in the Wall Street Journal, probably in response to the Fed's decision to lower its benchmark

From BloombergOct. 30 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said China's stock market is a speculative bubble that will burst.Asked if China was in a state of ``irrational exuberance,'' a phrase Greenspan made famous in 1996, the former chairman said, ``I think so,'' speaking to a conference of insurance executives in Boston today. ``When you don't expect it, it breaks,'' Greenspan said of the bubble.His comments reprise remarks from May, when Greenspan said he was concerned Chinese equities might undergo a ``dramatic contraction'' after its main stock index at the time had jumped more than 90 percent since the start of the year.Greenspan's latest words of concern come at a time when investors are increasing bets on Chinese equities. Yesterday, PetroChina Co. and Alibaba.com Ltd. sold stock valued at more than $10 billion.PetroChina, the world's second-largest company by market value, raised 66.8 billion yuan ($8.9 billion) in the biggest stock sale

There were a lot of revealing and informative video segments this week (and last) covering topics related to the housing-mortgage-credit turmoil, the outlook for the consumer and prospects for recession.Better yet, Realtor’s are now being lampooned in a whole raft of comedic segments on You Tube… I just love the information era!First, there was an interesting Greenspan appearance on The Daily Show where he suggests that the Fed acts as regulation on the “free” market and that although monetary policy is intended to keep prices stable, lowering interest rates can cause asset and general inflation.Watch Greenspan Comes Clean on BNN!Next up is a great Diana Olick segment covering the truly awful state of housing and general recession occurring in Michigan.Detroit home prices are down 32% with 1 foreclosure for every 29 homes. There has been a local subprime implosion and a recent auction saw homes being sold for the price of a new sofa! Could this be a harbinger of things to com

Alan Greenspan, l'uomo che per tanti anni ha guidato la Federal Reserve americana, ha affermato al World Business Forum di Milano che i governi promettono molto più di quello che possono dare in fatto di pensioni. «Uno shock economico che dovranno affrontare i Paesi sviluppati nel prossimo futuro sarà dovuto all'invecchiamento della popolazione – ha detto Greenspan – che sta creando problemi fiscali sia negli Usa che in Europa. Per quanto riguarda le pensioni abbiamo promesso più di quello che possiamo dare. Non ammettere questo crea grossi problemi politici, come è avvenuto in Francia e come sta avvenendo anche in Italia. Possiamo fare marce, scendere in piazza ma i fatti non cambiano».

A lot of my fun reading is centered around sci-fi and fantasy books.  I like to visualize new and different places and those books let me do it.  As a bonus, wrapping my thoughts around a different kind of world is fun too.  The idea that magic or science can give a completely different way to interact with the world than I experience daily is an enjoyable mind-bender. I do stray from that realm regularly, although not always satisfactorily.  I have read a number of classics that were less than stellar in my opinion.  Textbooks that confuse the issue as much as advance my knowledge.   Even newspapers and a few magazines (I love National Geographic). Admittedly, not a high amount of non-fiction.  Today, I am reading a non-fiction, autobiographical book that I am glad I made an exception for. Alan Greenspan, The Age of Turbulence, Adventures In a New World is a worthwhile read. The first half of the book he traces his own history, providing context behind his education up to and i

As pointed out by this blog back in April, the subprime mortgage market implosion has been a direct result of collateralized debt obligations (CDO’s).  While at the time it was simply a point of pride that Team366 had figured out what was happening to many upside down home owners in SouthEast Michigan, our gut instincts were backed up by former Fed Chairman, Alan Greenspan. On October 2nd, at a Bloomberg hosted event in London, Greenspan pointed to the CDO’s as a reason for subprime market implosion.  From the Bloomberg article: “People always say it’s the subprime market that created this crisis,” Greenspan told investors at an event hosted by Bloomberg LP in London. “It’s the subprime asset-backed market” which did, he said. “As a consequence of that, there’s going to be some rethinking about collateralized debt obligations.” “The Wall Street firms were under real pressure to supply asset-backed securit

In The Age of Turbulence, Alan Greenspan outlines his vision for the world, and particularly the United States, between now and 2030. He chose 2030 because that’s when the last of the baby boomers reach age 65 – retirement. And the impact the baby boomers have on the world’s economy as they shift from being producers to consumers of capital is a major theme of his book. (If you don’t want to read it all, chapter 25 summarizes his arguments and predictions.)   In 2030, Mr. Greenspan forecasts the real U.S. GDP will be 75% greater than today. That may sound like a big number but it’s only 2.5% annual compound growth – well within historical norms. That’s the good news. The bad news is forecasted increases in inflation and, correspondingly, long term interest rates. Inflation could rise to the 4-5% level and long term U.S. Treasuries to 8-9% yields due to stresses caused, in part, by rising social security,

Alan Greenspan’s solution to economic inequality in the United States is to turn all Americans into 3rd world serfs.    He also thinks Americans really do not need middle class incomes, nope, we all just greedy little chickens pecking out power for power’s sake.    We pay the highest skilled labor wages in the world. We need to supress the [...]

I Greenspan jockeying for a job on Vegas? Before the summer began he made waves with the first understandable statement of his career. "The US has a greater than 30% chance of a recession this year". Whoa, it is actually a coherent blathering from the former chief. Since that prediction seems to be wrong, Greeenie decided to follow it up yesterday. "The danger of recession has obviously risen but in my judgment ... is still less than 50/50. It's less optimistic than one would like,"... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

There were a lot of really great and informative video segments this week covering topics ranging from the Fed’s effectiveness and the outlook for inflation to regional accounts of housing stress to the forthcoming emergency actions by the federal government in response to the calamitous fall off in the housing and mortgage markets.First, in one of the numerous Greenspan interviews this week, the former Federal Reserve Chairman suggested that we are now beyond the era of favorable interest rates and further that the 10 year note will be heading up to 8%.Watch Greenspan Talk Doom on BNN!In an interview with a somewhat ornery but VERY informative Jim Rogers of Beeland Interests, Rogers suggests that the Fed is irrelevant in that they, in his view, generally move after market turmoil has occurred. Rogers also points out astutely that the current market conditions shouldn’t qualify as being termed a “crisis” the as all the major indexes are only 4% – 6% below their all time high

Watching the “Enemy Media” completely distort (Chris Mathews seemed to be having on air orgasms) what Alan Greenspan said regarding the economy, The Bush Administration, the War and just about everything else is maddening. I’m still not sure if they are just so uninformed that they are not aware of how dumb they sound to informed audiences (which sadly given my experience is like 10 of us) or if they are actively inventing facts. My gut tells me it’s a little both.In his interview with the WSJ, Greenspan stated that “The Clinton administration was a pretty centrist party. … But they’re not governing again. The next administration may have the Clinton administration name but the Democratic Party … has moved … very significantly in the wrong direction.” Greenspan is referring to the modern Democrat Party’s war on prosperity and free trade.On 60 Minutes, Greenspan referred to Hillary Clinton as “unquestionably capable” and “very smart.” To this statement they

Greenspan Greenspan Greenspan!He’s back, the gloves are off and he’s coming for your economy!Look out everyone, the oracle hath spoken…The “benevolent” era is over, inflation is on the rise and the problem will not be short lived.Additionally, not only is there a housing bubble in America, but they have occurred all over the world!These are some of the “revealing” concepts Greenspan is now putting forward as he makes the rounds on the national TV talk shows pumping his new book “The Age of Turbulence: Adventures in a New World”.Greenspan is either a little late to the party or, more likely, simply exercising a little legacy damage control in the face of the now obvious unwinding of his easy money days of the past.Forgive me for feeling a little short changed when contemplating Greenspan’s suggestion that the Federal Reserve’s low funds rate between 2001 and 2004 and call for more innovative mortgage products in 2004 was not even partly to blame for inflating the U

Cut Or Not Cut?By Rich MillerSept. 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke is grappling with what predecessor Alan Greenspan might call a conundrum.At issue is whether today's U.S. economy most resembles 1998, when Greenspan may have been too eager to cut interest rates, or 2000-2001, when he may have been too slow. The trouble is, the situation now resembles a bit of both.That increases the danger as the Fed's Open Market Committee meets tomorrow to decide on interest-rate policy. If Bernanke and his colleagues aim to avoid the mistake of 1998 and opt for caution, they risk a recession. If they push ahead with big rate cuts and growth proves resilient, they could find themselves with rising inflation, fueled by record oil prices and a slumping dollar.``This is a critical time for the Fed,'' says Peter Hooper, who worked at the central bank during the financial crisis in 1998 and is now chief U.S. economist for Deutsche Bank Securities in New York. ``The stakes h

Former Federal Reserve Chairman Alan Greenspan said China will be the U.S.'s major competitor by 2030 and the world's economic fate depends on how much more Chinese leaders embrace markets. ``Much of... Thank you for the time reading this feed. To get more helpful content, tips, and links please drop by my blog site - click on the topic link above.

Easy Al will keep 'em forecasts coming. Former Federal Reserve chairman Alan Greenspan will continue to rattle markets with his economic predictions. His successor Ben Bernanke won't be delighted to hear Greenspan repeatedly defending his public comments on the economy, interest rates and whatever else the former Fedhead elects worthy his suddenly very clear speech.Otherwise today's interview on CBS (which was cut short by my cable provider in favor of elegant and silent killer whales after two thirds) informed us that Greenspan prefers, ahem, "interesting" orange wallpaper and reads - surprise surprise - economic stuff at breakfast. Rumours he negotiates a 10-page photo-strip with "Beautiful Homes" have not been confirmed yet. He still wears no logo polo shirts so sponsoring for the right sum should be no problem.Relaxed to the max Mr. Greenspan's economic services firm is prepared to bring paying clients such economic wisdom as there will be severe 2-digit declines in house price

In a shocker of a release Alan Greenspan has seemingly confirmed the belief of many on the left that the primary motivation for the war in Iraq was oil. The White House has insisted all along that it was WMD’s and Saddam Hussein’s support for terror organizations. Many on the left have stated that they thought the US invaded Iraq to take control of the countries oil wealth. I think what Greenspan is saying is that Bush invaded Iraq to insure the continued flow of Iraqi oil rather than to take direct control of it. When most of the world’s economy is based on oil and petroleum products, it becomes a strategic necessity to prevent disruptions. I am not making excuses for the Bush administration, but imagine another nation taking control of our water supply and how that could similarly affect us. ~RJH Fox News article link  Greenspan: Oil the Prime Motive for Iraq WarSunday , September 16, 2007 America's elder statesman of finance, Alan Greenspan, has shaken the White House by decla

Resenha: É a análise incomparável de Allan Greenspan sobre a natureza desse novo mundo, sob as lentes de sua experiência de trabalho na sala de comando da economia global, durante mais tempo e com maior eficácia do que qualquer outro ser humano ainda vivo. Ele começa sua narrativa naquela semana de 11 de setembro, mas, em seguida, retrocede à própria infância e segue a trajetória de uma vida notável, percorrendo, inclusive, os mais de dezoito anos de seu mandato como chairman do Federal Reserve Board, de 1987 a 2006, durante um período de transformações radicais. Alan Greenspan conta a sua vida, primeiro com o objetivo de simplesmente narrar a extraordinária quantidade de eventos históricos de que participou e para os quais contribuiu. Mas seu outro objetivo é conduzir os leitores ao longo da mesma curva de aprendizado que percorreu, para que eles desenvolvam suas próprias percepções da visão desse observador privilegiado a respeito da dinâmica subjacente que impu

The topic below was originally posted on my blog, the Intrepid Liberal Journal as well as the Independent Bloggers Alliance, The Peace Tree and Worldwide Sawdust. Alan Greenspan belongs to the Club of Emasculated Moderate Elites who enabled corporate theocrats to destroy the American Dream at home and annihilate our moral authority abroad. A prerequisite for membership is to first allow crazy ideologues to exploit their prestige and later disown the disastrous policies their reputations facilitated. Former Secretary of State Colin Powell is a charter member of this club and a pathetic figure who criticizes the Bush Administration about Iraq when it no longer matters. Powell’s domestic policy soul mate, Alan Greenspan, joined him with his new memoir, The Age of Turbulence: Adventures In a New World.Actually, one could argue that Greenspan was a charter member as early as 2001. The prescient and sagacious Paul Krugman wrote the following for his column entitled “Reckonings; Doing th

In his new book The Age of Turbulence: Adventures in a New World, Alan Greenspan criticizes both Bush and the Republican Party for lack of fiscal restraint and out of control spending. He even singles out Bill Clinton for some well deserved praise in regards to the economy. Some of his thoughts:"My biggest frustration remained the president’s unwillingness to wield his veto against out-of-control spending,” Greenspan writes. “Not exercising the veto power became a hallmark of the Bush presidency. … To my mind, Bush’s collaborate-don’t-confront approach was a major mistake.”As to Congress, "The Republicans in Congress lost their way,” Greenspan writes. “They swapped principle for power. They ended up with neither.” He singles out Dennis Hastert and Tom Delay and says "House Speaker Hastert and House majority leader Tom DeLay seemed readily inclined to loosen the federal purse strings any time it might help add a few more seats to the Republican majority".The book, w

Alan Greenspan takes another step down. After his transformation from "Maestro" to "Easy Al" he now fights for the nickname "Greenshill", at least when one follows his comments from Friday. Alan Greenspan, the man solehandedly responsible for the mortgage mess concluded in a speech to economists that today's turmoil resembles the sentiment before the crises of '87 and '98. According to him the mortgage malaise has infected the rest of the economy. This assessment comes from the man who preferred to douse every monetary inflationary excess with more of the poison that caused all exaggerations in the first place.Greenspan must suffer from acute total amnesia. It was him who once praised the doubtful fact that all Americans could buy a house because there were such financial innovations like zero down ARMs.Greenspan did not turn a nation into homeowners. Greenspan pushed a whole nation into the highest debt ever, be it on the private, communal or federal level.To say now that bubbles c

From ihtToshihiko Fukui is looking more and more like Asia's answer to Alan Greenspan. It's exactly what many Japanese politicians had hoped for. When Fukui became governor of the Bank of Japan in March 2003, lawmakers urged him to be the "Greenspan of Japan, if not Asia." It was a bow to the powerful effect that the monetary policies of Alan Greenspan, who was then the U.S. Federal Reserve Board chairman, had in the market.Politicians got their wish - just not how many had imagined. Now, markets are paying the price for Greenspan's mark on Japan's rate policies. Fukui's central bank, just like Greenspan's Fed, has both created and enabled bubbles overseas with ultralow rates.All this may come as a surprise to Fukui's supporters, and there are many. To them, Fukui has restored credibility they felt had been lost during the 1998-2003 tenure of Masaru Hayami. The adulation sometimes seems akin to how many view Greenspan, who was dubbed Maestro in a gushing 2000 book by Bob Woodwar

From BloombergAug. 22 (Bloomberg) -- Toshihiko Fukui is looking more and more like Asia's answer to Alan Greenspan.It's exactly what many Japanese politicians had hoped for. When Fukui became Bank of Japan governor in March 2003, lawmakers urged him to be the ``Greenspan of Japan, if not Asia.'' It was a bow to the then-Federal Reserve chairman's effect in markets and the power of his monetary policies.Politicians got their wish -- just not how many imagined. Now, markets are paying the price for Greenspan's mark on Japan's rate policies. Fukui's BOJ, just like Greenspan's Fed, has both created and enabled bubbles overseas with ultra-low rates.All this may come as a surprise to Fukui's supporters, and there are many. To them, Fukui restored credibility they felt had been lost during the 1998-2003 tenure of Masaru Hayami. The adulation sometimes seems akin to how many view Greenspan, who was dubbed ``Maestro'' in a gushing 2001 book by Bob Woodward.What's conveniently overl

The mess all started in 1913 with the passage of the Federal Reserve Act, with which Congress abdicated control over the currency to a private central bank. However, inflation mostly remained in check until after the second world war. Since then, there have been many blunders in monetary policy that have absolutely annihilated the real [...]

El secretario general de la Organización para la Cooperación y el Desarrollo Económico (OCDE), José Angel Gurría, difirió de las declaraciones vertidas por el ex presidente de la Reserva Federal Estadounidense (FED), Alan Greenspan sobre la advertencia de una crisis fiscal en México si no se concretan reformas constitucionales para aceptar inversión extranjera en Petróleos Mexicanos (PEMEX). Consideró que lo anterior está mal planteado, ya que el problema de raíz es que no se ha hecho la reforma fiscal en México. Señala el secretario general de la OCDE que la reforma fiscal no depende que Pemex tenga o no propiedad privada o extranjera, depende de que el Estado mexicano tenga capacidad y reduzca su vulnerabilidad “No es un asunto que dependa de si abrimos o no a PEMEX a la inversión extranjera, eso es lo que está mal enfocado en el análisis de Alan Greenspan, lo que depende es si el estado mexicano tiene la capacidad fiscal y reduce su vulnerabilidad fiscal y ya no

El secretario general de la Organización para la Cooperación y el Desarrollo Económico (OCDE), José Angel Gurría, difirió de las declaraciones vertidas por el ex presidente de la Reserva Federal Estadounidense (FED), Alan Greenspan sobre la advertencia de una crisis fiscal en México si no se concretan reformas constitucionales para aceptar inversión extranjera en Petróleos Mexicanos (PEMEX). Consideró que lo anterior está mal planteado, ya que el problema de raíz es que no se ha hecho la reforma fiscal en México. Señala el secretario general de la OCDE que la reforma fiscal no depende que Pemex tenga o no propiedad privada o extranjera, depende de que el Estado mexicano tenga capacidad y reduzca su vulnerabilidad “No es un asunto que dependa de si abrimos o no a PEMEX a la inversión extranjera, eso es lo que está mal enfocado en el análisis de Alan Greenspan, lo que depende es si el estado mexicano tiene la capacidad fiscal y reduce su vulnerabilidad fiscal y ya no

Declining oil output in Mexico could spark a major fiscal crisis there, former Federal Reserve Chairman Alan Greenspan said Wednesday while also railing against U.S. immigration policy."There is no doubt that Mexican overall [oil] production is down and if it continues down, and prices don't continue up to offset that, then there is a huge fiscal crisis pending," the former U.S. central banker said via a video link to a business conference in Mexico City.Mexico, the world's No. 9 exporter of crude oil and a key supplier to the United States, has seen its oil output taper off from historic peaks in 2004 due to declining yields at its huge but aging Cantarell offshore field.Former Fed chief says lower production could spark a major fiscal crisis there, points out risks of increased immigration to United States.State oil monopoly Pemex, which provides more than a third of the country's fiscal revenues, is now aiming to keep oil production at 3.1 million barrels per day for the next few

Alan Greenspan was arguably the country's most powerful financial cop in his 18 years as chairman of the Federal Reserve. But Mr. Greenspan's regulatory record has received far less scrutiny than his management of the economy. Article Originally Published in The WSJ That may be changing. A former colleague says Mr. Greenspan blocked a proposal to increase scrutiny of subprime lenders under the Fed's broad authority. That added scrutiny might have helped curtail questionable lending practices... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

I got an interesting email today from one of the readers of the Real Estate Investing Tactics and Tools Investors Can Use email newsletter in response to the most recent article. You can sign up for it at http://reitactics.com and REITactics members at any level can read it at http://reitactics.com/so-just-how-bad-economy-today-really. What makes you think you are [...]

In must be tough to be Alan Greenspan, he’s so revered that people hang on every word and interpret every breath as market advice. Looks like he’s stumbled onto a new way to say something without saying anything. Apparently he just gives Vegas Odds on whether or not the market will lurch into a depression. Hang on… He isn’t even Federal Reserve Chairman anymore. Isn’t it kinda fake news anyway? Bookmark this article:

Interesting write up this morning in the SJ Mercury News about Greeny's recent utterances of the R-word. The article gives some insight into why Greenspan has gone from being so cryptic that some didn't know if he was talking about the economy or cold cuts, to being quite frank. ...worth the read.

YOU REMEMBER HIM, ALLEN GREENSPAN WHO THE OTHER DAY, WARNED OF A POSSIBLE "RECESSION." I want to know what he was smoking when he made that statement.He sent the EEEE-MMMOTIONAL stock market down 400 points. It is time for Mr.Greenspan to enjoy retirement. Here is how I see the economy. The numbers support a "military economy" look at Smith & Wesson for example, they are making bullets and our soldiers are using them up, there stock has been up and down too. Look at the employment levels of dedicated Defense Contractors(Should we call them Defense Contractors), there employment is UP,Up,Up!, no lay-offs there, Look at GM, they make the Hummer, and are retrofitting the Hummer to withstand IED's, larger dollars for GM, their stock is doing better.Once we begin to downsize our involvement in the Middle East, there will be a financial adjsutment period and a round of layoffs at many defense industries, but I don't believe America will fall into a recession. I believe we need to cu

Primero sea acusaba de esta bajada generalizada a Greenspan y su desafortunada declaración sobre la posible recesión en USA, luego a China y un pinchazo en la burbuja de su bolsa, y ahora al yen.Sí, parece que el yen puede tener gran parte de culpa al revalorizarse. El famoso "Carry trade" dicen.Muchos inversores pidiendo prestado en yenes para invertir fuera de Japón, y en cuanto el yen empieza a subir... se venden las acciones externas a toda prisa.Tal vez tengan razón o tal vez no, pero os adjunto un par de grafiquillos para comparar

Given the obvious pressure that the Chairman of the United States Federal Reserve must face while executing his duties, its small wonder that Alan Greenspan, now retired, is starting to show some signs of the past strain. It's like an economist's equivalent of post-traumatic stress disorder. Just picture yourself holding the fate of the economy in your hands, year after year, knowing all the while that one false move and entire strata of the American population will be dining on Raman Noodles and Little Debbies. Not to mention the constant and intense scrutiny. Imagine having to say "I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well" just to super-size your fries. That just can't be good for the human psyche. As a result, Greenspan's recent skittish ramblings should really come as no surprise. First, witness the statement he made that appear

Unbelievable! So I suppose all the hyper-optimistic bulls on Wall Street and particularly in the real estate industry were a little quick in interpreting the "maestros" words from October. Today, it was reported that former Federal Reserve Chief Alan Greenspan is revising the comments he made recently suggesting that the housing market had possibly bottomed. Back in the first few weeks of

Of course, I say doom and gloomer tongue in cheek. Greenspan is the creator of something called the "virtuous cycle" where everything runs just right. Well, now Greeny is thinking that perhaps everything is not running quite right. I've been aware of this all day, but haven't gotten round to posting... just in case you missed it - Greeny spoke his mind today: http://www.mercopress.com/vernoticia.do?id=9942&formato=HTML.Incidentally, I'm adjusting my blogroll. It's gone. I've gone back to a Favorite Links format. I will no longer be linking to blogs authored by anonymous authors and will likely be adding few new names to the list that I now have until I get to know the people behind those blogs.