Alan Greenspan

Back To Rehab Or Continue Chasing The Dragon

"Like a drug addict chasing the proverbial dragon, the world’s central bankers are faced with the painful choice of rehab to break the grip of easy money or an on-going downward spiral toward economic demise."

"When They Promise To Bring Back Manufacturing Jobs, They're Promising Stagnation"

"Though we’re told that bringing back the work of the past is part of “Making America Great Again,” nothing could be further from the truth.  The day that policies succeed in reviving the past is the day that ambitious Americans start knocking on the doors of other countries, and when immigrants don’t bother sneaking into the U.S. at all."

Weekend Reading: They're Baaaccckkk!

"With cash levels at the lowest level since 1997, and equity allocations near the highest levels since 1999 and 2007... investors are now functionally 'all in'..."

1987 Versus 2017: Will History Repeat Or Just Echo?

"...no single event can be blamed for the crash that occurred on October 19, 1987, rather a confluence of factors and events caused a rapid erosion in market confidence. The same can be said in 2017. No single factor indicates conclusively that a stock market correction is imminent, but the risks are out there and merit continued attention..."

Is The Yellen Fed Planning To Sabotage Trump's Presidency?

"The question is: Will the economic backdrop be favorable for Republicans to campaign on the Trump agenda? That remains to be seen. Given the stakes, Donald Trump’s hiring decisions at the Fed could make or break his presidency."