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Keyword: greenspan

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  • Who’s Greenspan Calling Crazy?

    09/15/2016 3:57:23 AM PDT · by expat_panama · 29 replies
    New York Sun ^ | September 14, 2016 | Editorial
    So who is Alan Greenspan suggesting is crazy? We ask because, according to the Bloomberg news ticker, the former chairman of the Federal Reserve refused comment when asked to whom he was referring... ...a country to be undermined by — how should I say it — crazies.” No doubt the Democratic Party press is going to start suggesting that the crazies to whom Mr. Greenspan was referring are the Republicans lead by Donald Trump... ...might be prepared to see America default on the federal debt. He said he’d “borrowed knowing that you can pay back with discounts.” That drove the...
  • Alan Greenspan Warns That Venezuelan Style Martial Law Will Soon Come To The US

    05/31/2016 10:32:00 AM PDT · by blam · 70 replies
    The Market Oracle ^ | 5-31-2016 | Jeff_Berwick
    May 31, 2016 Jeff_Berwick It seems barely a day passes now without some big name person warning of imminent collapse. The latest is Alan Greenspan. In an interview on Thursday he told Fox News that Venezuela is now under martial law and that “America is next.” He said that what was happening in Venezuela was inevitably going to take place in the US. I agree with this. In fact, we said this exact thing just last week with our article, “Venezuela Descends Into Chaos… Europe and US Next.” Funny enough, a few brainwashed sheeple said we were crazy for saying...
  • Wash. Post: "Greenspan is in the hospital for an enlarged PROSTITUTE"

    04/24/2003 4:34:20 AM PDT · by A Vast RightWing Conspirator · 36 replies · 193+ views
    Wash Post as Read on C-Span | Apr. 24, 2003
    It's in the Wash. Post folks. I SAW the article and that was the exact wording, as the C-Span guy was reading the paragraph. LOL
  • Alan Greenspan: This is 'extremely dangerous' (Captain Obvious alert)

    07/30/2015 12:40:15 AM PDT · by SaveFerris · 21 replies
    While markets hone in on the Federal Reserve's monetary policy hints, former Fed Chairman Alan Greenspan sees a bigger economic irritant—government spending. On Wednesday, Greenspan decried a rise in entitlement costs, which he contended have pressured the U.S. economy. "To me the discussion today shouldn't even be on monetary policy it should be on how do we constrain this extraordinary rise in entitlements," he said in a CNBC "Closing Bell" interview, calling the trend "extremely dangerous." Social expenditures in the U.S. were 19.2 percent of gross domestic product last year, up from 15.5 percent in 2005, according to data from...
  • Greenspan: Effective demand as weak as during Depression

    02/26/2015 5:41:52 PM PST · by Red in Blue PA · 25 replies
    The fact that the market is anticipating that the Federal Reserve will raise interest rates, yet the yields on the 10- and 30-year Treasurys are falling is an indication of how weak the overall global economy is, former Fed Chairman Alan Greenspan told CNBC on Thursday. In fact, effective demand is extraordinarily weak, he said. "The way I measure it, it's probably tantamount to what we saw in the later stages of the Great Depression," Greenspan said in an interview with "Closing Bell." That said, he acknowledged "it's not anywhere near what the problems were back then but we haven't...
  • Federal Reserve Insider Alan Greenspan Warns:There Will Be a “Significant Market EventSomething Big

    With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider...
  • Greece: Greenspan predicts exit from euro inevitable

    02/08/2015 10:08:39 AM PST · by tcrlaf · 8 replies
    BBC ^ | 2-8-2015 | BBC
    The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone. He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy. Greece wants to re-negotiate its bailout, but Mr Greenspan said "I don't think it will be resolved without Greece leaving the eurozone". Earlier, UK Chancellor George Osborne said a Greek exit would cause "deep ructions" for Britain. Mr Greenspan, chairman of the Federal Reserve from 1987 to 2006, said: "I believe (Greece) will eventually leave. I don't think...
  • Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, "Buy Gold"

    10/29/2014 11:47:09 AM PDT · by Rusty0604 · 17 replies
    Zerohedge ^ | 10/29/2014 | Tyler Durden
    It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign Relations came as Fed officials were meeting in Washington, D.C., and expected to announce within hours an end to the bond purchases. He said the bond-buying program was ultimately a mixed bag. He said that the purchases of Treasury and...
  • Greenspan forecasts oil boom’s impact on US economy

    02/06/2014 9:58:14 AM PST · by thackney · 9 replies
    Fuel Fix ^ | February 6, 2014 | Collin Eaton
    Corporate executives have no way of knowing what the world will look like over the next four decades as long as U.S. political strife keeps kicking up a cloud of uncertainty over the economy, former Federal Reserve Chairman Alan Greenspan said Thursday. The fog of political war hampers executives’ appetite for long-term capital investments and explains why the U.S. economy has been so slow to rebuild after the financial crisis and recession of 2008 and 2009, Greenspan explained at the Winter North American Prospect Expo in Houston. One ratio used to determine economic confidence — a comparison of U.S. companies’...
  • Greenspan Baffled Over Bitcoin 'Bubble': "To Be Worth Something, It Must Be Backed By Something"

    12/04/2013 8:43:19 PM PST · by Nachum · 42 replies
    zero hedge ^ | 12/4/13 | Tyler Durden
    "In order for currencies to be 'exchangeable' they have to be backed by something," is the remarkably ironic initial comment from none other than debaser-of-the-entirely-fiat-dollar Alan Greenspan when asked about the "bubble in bitcoin," by Bloomberg TV's Trish Regan. Unable to "identify the intrinsic" backing of Bitcoin (or see bubbles in equity, credit, real estate, or greater fools) Greenspan is, apparently, capable of identifying Bitcoin "as a bubble," because "there is no fundamental means of "repaying' it by any means that is universally accepted." The farcical double-speak continues as the Maestro does a great job of making Bitcoin (which Ron...
  • Alan Greenspan Just Called Out Republicans For Exploding Entitlement Spending

    11/07/2012 9:52:31 AM PST · by blam · 18 replies
    TBI ^ | 11-7-2012 | Linette Lopez
    Alan Greenspan Just Called Out Republicans For Exploding Entitlement Spending Linette LopezNovember 7, 2012, 10:48 AM Alan Greenspan is on Bloomberg talking to Betty Liu about the economy and the fiscal cliff in Obama's second term. The former Fed Chairman is just as worried about the issue as everyone else on the Street, and he doesn't really think the election changes much (from Bloomberg): I think it's a very dangerous situation largely because presumption we can resolve this issue without physical pain, spiritual pain or any sort of economic pain whatsoever.... no matter how we resolve it there are negative...
  • Marc Faber: If I Were Bernanke, I Would Resign

    09/14/2012 10:08:45 AM PDT · by Fred · 20 replies
    CNBC ^ | 91412 | Shai Ahmed
    Central bankers are “counterfeit money printers” and Federal Reserve Chairman Ben Bernanke should resign for messing up the U.S. economy so badly, Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday. He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary policy that was to blame for the latest financial crisis. “If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by...
  • ‘Fear of the Future’ Keeps Lid on Economic Growth: Greenspan

    06/01/2012 8:03:47 AM PDT · by TigerLikesRooster · 13 replies
    CNBC ^ | 06/01/12 | Jeff Cox
    ‘Fear of the Future’ Keeps Lid on Economic Growth: Greenspan ECONOMY, INFLATION, EMPLOYMENT, UNEMPLOYMENT, MANUFACTURING, CPI, CONSUMER PRICE INDEX, JOBLESS CLAIMS Posted By: Jeff Cox | Senior Writer | 01 Jun 2012 | 07:39 AM ET Investors could revolt at a moment's notice against high government deficit levels, jeopardizing chances at a recovery and potentially sending interest rates soaring, former Federal Reserve Chairman Alan Greenspan told CNBC. The former central bank leader — nicknamed "The Maestro" by his supporters — said he worries the current economy could be heading on a path similar to 1979, when the 10-year...
  • Debate wasn't first time Herman Cain praised Alan Greenspan

    10/13/2011 1:16:55 PM PDT · by Clairity · 30 replies
    Daily Caller ^ | Oct 13, 2011 | Alex Pappas
    In his recently released book, Cain -- who served as chairman of the Kansas City Federal Reserve from 1995-1996 -- wrote that Greenspan "was a very effective leader who did not make unilateral decisions." In his book, Cain wrote that when he was chairman, he "would go to Washington to meet with the Federal Reserve's chairman, Alan Greenspan, and the other governors so they could receive firsthand anecdotal feedback." Cain, in his book, also said his work "demonstrated to me that we need the Federal Reserve, contrary to what some people, including at least one of my current opponents for...
  • Time to end the Keynesian pretense about fiscal stimulus

    09/19/2011 1:07:49 PM PDT · by Palter · 4 replies
    Reuters ^ | 19 Sept 2011 | Christopher Whalen
    “The U.S. can pay any debt because we can always print more money.”–Alan Greenspan Meet the Press August 7, 2011 Last week, Nouriel Roubini released a paper, “A Radical Policy Response to the Rising Risks of a Depression and Financial Crisis.” He writes: “Data suggest that developed and emerging markets alike are heading for a massive slowdown in growth, with advanced economies already slumping to stall speed.” Roubini is right, but for the wrong reasons. Government intervention is the root cause of the financial crisis and the maladies identified by Roubini. Many of his proposals, such as debt restructuring and...
  • Timeline shows Bush McCain Warning Dems of financial and housing crisis; meltdown - YouTube

    09/04/2011 10:24:05 AM PDT · by Sons of Union Vets · 163 replies · 1+ views
    Fox News ^ | Sept. 24, 2008 | Fox news
    From Fox News Channel Wednesday, September 24, 2008 Special Report With Brit Hume
  • No Chance of Default, US Can Print Money: Greenspan

    08/08/2011 8:21:00 AM PDT · by Tulsa Ramjet · 52 replies
    CNBC ^ | Sunday, 7 Aug 2011 | 3:15 PM ET | Patrick Allen
    Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. "The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press
  • No Chance of Default, US Can Print Money: Greenspan

    08/07/2011 8:28:39 PM PDT · by edpc · 46 replies
    CNBC ^ | 7 Aug 2011
    Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P's decision to downgrade America's credit rating. The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default" said Greenspan on NBC's Meet the Press. "What I think the S&P thing did was to hit a nerve that there's something basically bad going on, and it's hit the self-esteem of the United States, the psyche" said Greenspan.
  • 'We're better off hiring skilled immigrants': Alan Greenspan hits out at young American

    07/15/2011 10:23:00 AM PDT · by Nachum · 40 replies
    Daily Mail ^ | 7/15/11 | Staff
    Former Federal Reserve chairman, Alan Greenspan, has lashed out at America's younger workforce, saying they don't match up to the 'baby boom' generation. Mr Greenspan said the U.S. is in the process of seeing the baby boomers, which he called 'the most productive, highly skilled, educated part of our labour force' retire. 'They are being replaced by groups of young workers who have regrettably scored rather poorly in international educational match-ups over the last two decades,' he added in the interview with Globalist. He went on to say how the average income of U.S. households
  • Fed Chairman Bernanke Says "Gold Is Not Money" ... But His Predecessor Alan Greenspan Disagrees

    07/13/2011 1:47:31 PM PDT · by Nachum · 19 replies
    Zero Hedge ^ | 7/13/11 | George Washington
    Fed Chairman Bernanke told congress today: ‘Gold isn’t money’ But Bernanke's predecessor - former Fed chair Alan Greenspan - disagrees. As I noted in 2009: Professor Emeritus of Mathematics Antal Fekete has argued for years that gold is the ultimate - and only - safe haven when things really hit the fan. For example, in 2007 Fekete wrote: The grand old man of the New York Federal Reserve bank’s gold department, the last Mohican, John Exter explained the devolution of money (not his term) using the model of an inverted pyramid, delicately balanced on its apex at the bottom consisting...