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Economy most troubled since WWII: Greenspan
CNN Money via Yahoo ^
| 03/17/2008
| Unlisted
Posted on 03/17/2008 6:14:29 AM PDT by zencat
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1
posted on
03/17/2008 6:14:30 AM PDT
by
zencat
To: zencat
And it can be laid at his feet.
2
posted on
03/17/2008 6:15:21 AM PDT
by
DB
To: zencat
And why might that be, Greenie? Any idea? Any idea at all?
3
posted on
03/17/2008 6:15:25 AM PDT
by
coloradan
(The US is becoming a banana republic, except without the bananas - or the republic.)
To: zencat
Is he taking the credit? [no pun intended]
To: zencat
the market will close up 200 pts by the end of the day.
5
posted on
03/17/2008 6:17:12 AM PDT
by
central_va
(Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
To: zencat
It’s pretty darn clear that Greenspan needs to shut up. Someone needs to remind him he’s no longer in charge, and now only making things more difficult for Bernanke. (And it won’t be his wife—she’s probably the conduit).
6
posted on
03/17/2008 6:18:21 AM PDT
by
1rudeboy
To: zencat
Actually, the most troubling thing is that Greenspin is married to that goatnosed Andrea Mitchell.
7
posted on
03/17/2008 6:18:55 AM PDT
by
Eurale
To: central_va
Could be! I want to see where it ends the week, though.
People were buying very, very risky assets (mortgage-backed securities), and got burned. It’s not the first time, and it won’t be the last.
8
posted on
03/17/2008 6:19:38 AM PDT
by
cvq3842
To: zencat
It wasn’t all too long ago when Greenspan was considered a minor deity of finance, and anyone who disagreed with him was considered a full-blown mental patient.
How times change!
To: zencat
And how much of this can be attributed to Algore and the effects of his Kyoto Krap on financial planning?
10
posted on
03/17/2008 6:20:04 AM PDT
by
aruanan
To: zencat
Mr. Greenspan’s comments were paid for by the Democratic National Committee.
To: zencat
How old is this guy.... I guess unlike generals that fade, currency guys NEVER go away. Sure got to wonder if Greenspam’s pocket book has taken a huge hit, guess we will find out by how gloomy Andrea's reporting come across in the following days.
12
posted on
03/17/2008 6:20:19 AM PDT
by
Just mythoughts
(Isa.3:4 And I will give children to be their princes, and babes shall rule over them.)
To: zencat
So, basically, Greenspan blames the current financial credit rating mechanisims as not adequately evaluating risk, huh? Funny how no where in his expose does he mention that while HE was Fed Chair he left the rate at 1% for waaay too long, and as a result created the credit feeding frenzy that led to this mess.
13
posted on
03/17/2008 6:21:44 AM PDT
by
Obadiah
To: 1rudeboy
He, he has a book to pimp, does he not? The man’s just tryin’ to make a buck, yo.
14
posted on
03/17/2008 6:22:11 AM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: aruanan
Probably very little, considering we never ratified Kyoto. The ethanol insanity, however, probably has a measurable share of the culpability.
Far and beyond anything else, the major regulatory causes are Sarbanes-Oxley and the continuing effective ban on development of domestic energy sources.
To: zencat
Oh, please. Such hyperbole. I guess Greenspan wasn’t around during the Carter years.
16
posted on
03/17/2008 6:23:12 AM PDT
by
MEGoody
(Ye shall know the truth, and the truth shall make you free.)
To: DB
Well, his and the people before him.. policies that lead to this mess were started long before Greenspan.
To: central_va
The current 4.8% unemployment, 0% inflation, rising productivity and exports, --all this is far worse than Carter's double digit unemployment/interest/inflation.
Right.
This is not news, it's Greenspan's campaigning for Democrats. Again.
To: 1rudeboy
Democrats have been in charge for 15 months.
I don't normally pimp YouTube videos, but if you haven't seen this, it's well-worth watching...
Since Democrats took control (Jan. 2007):
- The price of oil has almost doubled
- Job growth has been cut in half (80,000 jobs lost in the last two months alone)
- The average family grocery bill has increased about $70 per month
- The stock market has lost about 10% of its value
- Home prices have fallen roughly 8%
- Consumer price inflation has increased over 4%, the largest calendar increase since the early 90s.
- Etc.
Chairman Hensarling Talks About Democrats' Priorities
19
posted on
03/17/2008 6:24:01 AM PDT
by
jdm
(Relax, it's just the internet.)
To: central_va
the market will close up 200 pts by the end of the day. bookmark
20
posted on
03/17/2008 6:24:23 AM PDT
by
am452
(Globalist: Converting the American people to the Democrat party since 1992)
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