• Tim Knight from...
    09/16/2014 - 21:37
    What if it had gone differently? What if, six years ago, in the throes of the financial crisis, the political leaders in D.C. had decided that enough was enough, and they were going to seize the...
  • williambanzai7
    09/16/2014 - 12:16
    I have tons of good stuff to post, but this morning I'm feeling something like this...

Alan Greenspan

Tyler Durden's picture

Alan Greenspan's Nine Reasons "Why The Economy Stinks"





Yesterday, former Fed Chairman Alan Greenspan was the keynote speaker at KPMG’s 2014 Insurance Industry Conference Tuesday, where he answered questions such as 1) where the economy is going, 2) why, and 3) when (if ever) is it likely to improve. The answers, as reported by Property Casualty 360, are: 1) nowhere fast, 2) because nobody is willing to invest, and 3) eventually, but nobody can tell when. He listed 9 specific reasons why the "economy stinks", although surprisingly, nowhere did he mention the fact that the current and future economic disaster is all a direct result of his ruinous reign at helm of the Fed where as a result of his "great moderation" and the Fed's catastrophic monetary policies conceived mostly under Greenspan himself, the economy is now perpetually stuck in a boom-bust cycle, and where every time a bubble bursts another has to replace it or else the entire western way of life will be gone in a heartbeat.

 
Sprout Money's picture

Message from Top Managers: “Prepare for Turmoil”





If the market signs are blurry, your best option is to look at what the top investors are doing.

 
Capitalist Exploits's picture

The Bubble is in Cash, Not Stocks…





We are repeatedly reminded by many pundits that the stock market is in a bubble, and that when QE programs end stock markets will "crash". But it seems that the bubble is in cash, not in stocks.

 
GoldCore's picture

Jackson Hole: Myth of the All Powerful Central Banker Continues ... For Now





Rising rates would hurt bonds and equities but would support gold. This was clearly seen in the 1970s when rising interest rates corresponded with rising gold prices. Gold becomes vulnerable towards the end of an interest rate tightening cycle when there are positive real interest rates and savers earn something on their deposits.

 
Tyler Durden's picture

The Italian Job: How Borrowing And Printing Lead To An Economic Dead End





Given that this is 'officially' the worst-recovery-ever, one wonders why does the abysmally failed and dangerous monetary experimentation continue unabated — as Yellen will undoubtedly confirm at Jackson Hole? Self-evidently, it is irresistibly convenient to both Wall Street and Washington. Yet these screaming juxtapositions are lost in the recency bias of the mainstream narrative. Invariably, the “in-coming” data is tortured and rationalized to prove that just a few more doses of money and debt will do the trick. Consequently, the pattern and signal is obscured amidst the immediate noise. It is therefore perhaps useful to consider a more advanced case of this Keynesian debauch from elsewhere in the world. Consider Italy.

 
Tyler Durden's picture

What Do Michelle Obama & Vladimir Putin Have In Common?





Mainstream media business 'entertainment' appears to have been taken over by the #IceBucketChallenge, as they name-drop from CEO to CEO in the interests of ratings (as opposed to raising money for ALS). However, things took a much more serious turn today as not only did Alan Greenspan show us how he 'cools off' the economy but actor Vin Diesel issued the ultimate challenge to none other than Michelle Obama and Vladimir Putin...

 
Tyler Durden's picture

Goldman On The Consequences Of Recent Geopolitical Events





The current US air strikes in Iraq are unlikely to have a significant impact on defense spending or oil prices, Goldman Sachs writes, unless the scale of the conflict changes considerably. Evidence from past US conflicts that were similar in scale also suggests little impact on confidence and at most mixed evidence of a flight-to-safety effect in financial markets. The exchange of sanctions with Russia - a relatively minor US trading partner - is also likely to have only a modest impact on the US economy. Of course, Goldman caveats, both situations are highly unpredictable; as they expect little reaction to recent events from Fed officials, who have generally not discussed conflicts of this magnitude unless accompanied by other economic concerns, such as a large rise in oil prices.

 
Tyler Durden's picture

Humpday Humor - The New Chinese Conundrum: Cup-Size and Conspicuous Consumption





On a lighter note, as American society collapses - Forget Asian "over-saving", there is a new conundrum for Alan Greenspan and his merry band of PhDs to figure out... as China.org reports, purchasing power increases as bra sizes go up according to Taobao.com, one of China's largest online commercial sites.

 
Cognitive Dissonance's picture

(Conditioned) Human Nature within the Insane Asylum





In so many ways caged from birth, is it any wonder we exhibit clear and disturbing signs of depression, neurosis and self destructive behavior?

 
Tyler Durden's picture

Guest Post: How The Destruction Of The Dollar Threatens The Global Economy





The failure to understand money is shared by all nations and transcends politics and parties. The destructive monetary expansion undertaken during the Democratic administration of Barack Obama by then Federal Reserve chairman Ben Bernanke began in a Republican administration under Bernanke’s predecessor, Alan Greenspan. Republican Richard Nixon’s historic ending of the gold standard was a response to forces set in motion by the weak dollar policy of Democrat Lyndon Johnson. For more than 40 years, one policy mistake has followed the next.  Each one has made things worse. What they don’t understand is that money does not “create” economic activity.

 
Tyler Durden's picture

Internationalists Are Pushing The World Towards Globally Engineered Economic Warfare





As long as people remain obsessed with false paradigms and faux enemies, the establishment's goal of complete centralized dominance will be predictably attainable. If we change our focus to the internationalists as the true danger instead of playing their game by their rules, then things will become far more interesting...

 
George Washington's picture

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It





Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

 
Tyler Durden's picture

Greenspan Fears "False Dawn" In US Economy, Warns Of "Equity Correction At Some Point"





Equity bulls should be exuberant. The last time Alan Greenspan warned of exuberance and potential for a correction, stocks soared for a few more years. While Yellen's stock-picking skills have been questioned in recent days, Greenspan has once again weighed in:

*GREENSPAN SAYS 'KEY QUESTION' IS WHETHER U.S. FACES FALSE DAWN
*GREENSPAN PREDICTS AT SOME POINT EQUITIES TO HAVE CORRECTION

Although Greenspan declined to second-guess the Fed, he sees a problem moving toward "normalized" policy for his descendants.

 
Tyler Durden's picture

"It Can't Be A Bubble!"





If one wants to identify bubbles, one must perforce study monetary conditions. The comparison of historical data on valuations and other ancillary factors can only take one so far. The problem is that in times of strongly inflationary policy, the economy's price structure becomes thoroughly distorted, and that therefore a great many “data” can no longer be regarded as reliable... Most of the time, it's the eventual slowdown of money supply growth that brings a bubble to its knees.

 
Tyler Durden's picture

Please Don't Blame The Fed: Alan Greenspan Says "Bubbles Are A Function Of Human Nature"





After all this time Greenspan still insists on blaming the people for the economic and financial havoc that he engendered from his perch in the Eccles Building. Indeed, posturing himself as some kind of latter day monetary Calvinist, he made it crystal clear in yesterday’s interview that the blame cannot be placed at his feet where it belongs:

"I have come to the conclusion that bubbles, as I noted, are a function of human nature."

C’mon.

 
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