No longer constrained, Greenspan shares a piece of his mind

[ckramer]

Asked about the state of the economy, Greenspan said: "Well, actually it's not bad. We've gone through a very weak patch in the summer," mostly reflecting the housing slump and less inventory building by companies.

"It is a little too soon to tell" whether the slowing housing market will make a safe landing, he said.

He did make a small wave in the currency markets when he warned that the dollar is being challenged as the world's reserve currency.

"We're beginning to see some move from the dollar to the euro, both from the private sector ... also from monetary authorities and central banks," Greenspan said.


http://www.usatoday.com/money/economy/2006-10-27-greenspan_x.htm

[Double T]

1. Never thought THIS GUY was very smart and NOW.........

I'm sure of IT. Full of econo-babble but NO SUBSTANCE.

[acmejack]

3. Check out "Greenspan's Fraud" by Ravi Batra

http://www.buzzflash.com/hartmann/05/07/har05007.html

[Kagemusha]

2. No longer constrained, Greenspan reveals his mind contains nothing

and that his saying little at hearings was less the result of masterful self-control than a lack of things to say.

(Yes, that's harsh, but it's close enough, I'm sure.)

[pretzel4gore]

4. ann rand disciple

ann rand was a pretentious loudmouth yahoo panderer who thought she invented greed, and its effectiveness as a motivational force - she thought jesus was stupid. greenspan was one of those, ferchrissake, and he did untold damage to the economy (which might explain his bailing out before the crap hits the fan, like ari fliesher, tom ridge, dan rawther, brocawcaw, asscroft, o'connor, perle etc)
i remember the time greenspan was telling a bizman meeting or something how low wages were becoming prevalent in the country, and how it was good for the economy. natch, the pigmedia buried the clip away

[nealmhughes]

7. That hideous specimen full of Jewish self-loathing and a command

fetsish for men in power is the root of all this. All because the Bolsheviks kicked bahtushka and mahtushka out of their pharmacies back in Petersburg...

[flaminbats]

5. what will the dollar be worth ten years from now?

the Euro is incredible, its started a revolution in Europe's economy. we don't have long to wait until others, like the UK that originally opposed the EURO, join the club. What will happen to inflation in this country after that happens?


Only two steps will keep the dollar competitive..paying down the national debt, not just balancing the budget for a year or two, and forming a common currency with another country that has a similar economy..like Canada.

[RUMMYisFROSTED]

6. We've already got the looney.