Greenspan: Ignore The Economy, "Only The Stock Market Matters"
Starting at around 1:50, Greenspan states the odds of sequester occurring are very high - in fact, the playdough-faced ex-Chair-head notes, "I find it very difficult to find a scenario in which [the sequester] doesn't happen" But when asked how this will affect the economy, Awkward Alan is unusually clearly spoken - "the issue is how does it affect the stock market."
While not so many of our leaders have taken the path to direct truthiness, Greenspan somewhat shocks a Botox'd and babbling Bartiromo when he admits "the stock market is the key player in the game of economic growth."
Bartiromo shifts uncomfortably in her seat, strokes her imaginary beard and stares blankly as Greenspan explains that while the sequester will have a real effect on the real economy, "if the stock market can hold up through this, then the effect will be rather minor."
He ends with a couple of wonderful truthisms - data shows that not only are stock markets a leading indicator of economic activity, they are a major cause of it - 6% of the change in the growth in GDP results from changes in the value of stocks and homes. So there it is - if we didn't already know, straight from an old horse's mouth - it's all about stocks!
Fiscal problems? "The problem is so severe at this stage that unless we come to terms with it in a large way, we are running into very serious trouble," but Dr. Greenspan, if stocks stay up, it's all good right? Greenspan's wealth effect meme is all there is...
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Where is LongSoupLine when you need him?
Where the fuck is this fucking soup fuck. I've been fucking waiting all fucking day for this fucker to show his fucking face.
Lmao.
I tried, and fucking tried to not click on that fucking garbage fucking CNBS video clip...
But I fucking did...fuck.
I don't know what's fucking worse, listening to that screeching fucking bloated yenta Maria "nails on a fucking chalkboard" Bartaromo, or watching that old fucking Keysnesian bank fuck Greedspoon fucking ramble like dick waxer Geithner in front of CONgress. Greedspoon needs to fucking die, and I mean right the fuck now. That fucker has done more to destroy wealth and lives...and I mean people who fucking really died because of his fucked up bank propping, housing inflating shit...than many evil fucking dictators. It's fucking easy to focus on Bernanke...fuck, throwing him into a fucking hamburger mill would bring great fucking pleasure, (and real fucking economic recovery), but we tend to forget that shrivelled old fucking puke and used Depends smelling fucker Greedspoon deserves a fucking fate 10X that of fucking Bernanke.
Fuck you Greenspan...fucking die a thousand horrible fucking deaths you fucking total fucking asshole.
I count 31 "fucks". Record setter! DIMG DING DING!!!
this garbage scow must be leaking like a sieve for them to bring Davey Jonespan up from his locker.
"We did dumb things in MiddleEast" costs Hagel a career. Know who is your boss, Glenn Beck.
mohammed el arian says fed policy has stocks artificially high so it's best to sell now before we have a non lehman correction which can immediately be rectified by more fed policy.
So GTFO? Done and done.
What a fucking clown.. this is the joke that this country has become. I'm surprised he is willing to admit it... as long as him and his entitled class can continue to steal tax payer funds to push stocks higher then they can continue to feel wealthy. Matters not if the little peoples world turns to shit at least the entitled will still maintain their wealth. Awesome.. we deserve every bit of it... pussyfied nation of cowards.. enjoy it bitchezz..suck it up.
Isn't this the asshole who single handily fucked up the NASDAQ stock market in 2000.
If there were an award for self-parody, Greenspan would currently be 1/20 to take home the 2013 prize.
I hope I see that POS Greenspan walking in front of my car,I know I will do the right thing. He's going to look like a pancake.
Genius!!! This guy should be running the FED!
Like I said two days ago, if there were a 25% coordinated downturn in global trade (again) and stocks were still holding up due to QE, HFT (on no volume) and MSM pumping a gusher of pure BS, would it matter? And would anyone even know or admit that maybe there's a bit of a problem?
Or would the sheep/drones only get a whiff of the real 'truth' of the matter, that the real-economy is the ONLY thing that actually matters to them ... after it's already completely SNAFU and FUBAR?
Past: Pelosi, We need to pass ObamaCare so that the public can find out what’s in the bill
Present: Pelosi , We need to pass the sequester so we can read the new laws.
How scary is the sequester?
Next on CNBS Jurassic: Alanasaurus Debtus Rex.
More like Analsoreass Wrecks Econimus.
Throw that bankster into prison before it passes away.
geeesespan is such a douche.
Seriously, whose dog did we fuck to get this guy, Bernanke and next Yellin as our Fed Chairs? A free stock market can sniff out an improving economy in the future. A manipulated and misvalued one, not so much. That is just a wealth illusion. Here, detox with a talented person's video whose face will undo the damage Greenspan caused to your retina. I need a weekend off this bullshit: http://www.youtube.com/watch?v=X_NhisWuq9o&feature=youtube_gdata_player
Greenspan licked his lips when Bartiromo mentioned Bernanke.
Dude's got a hard-on for him.
He was just dreaming of his irrational exuberance for getting Maria in the sack one more time without her throwing up on him.
He (Greenspan) did hand pick him (Bernanke) for the job.
By that logic Zimbabwe should be the leading economy in the world.
get gideon gonzo
One of my businesses serves a local county housing authority in California.
Happen to roll through there a few days ago.
Line out the door.
Every mode or ethnicity, age, education, kids, AND "employment" there as well.
People with smart phones on line with the local mentally ill for section 8 housing vouchers.
Asked staff if this was "normal."
"It's growing." they said.
You would have thought a hurricane hit and this was the line for FEMA payouts.
This is my new local metric.
Every mega bank needs to be broken up. Every current and former executive, director, etc making above 2 standard deviations of average American income needs to be taken out and beat to death with axe handles. Their families too.
They drew first blood.
They drew first blood.
I like the way you think.
https://www.youtube.com/watch?v=cVqOgklHhF0
Gotta get 'da free chit mon.
Violence just validates them disarming the public. Let them eat themselves.
Two things.
1) The FED member banks are getting Fed up with holding stock in the fed.
2) The bankster don't know how they are going to handle retiring baby boomers because if the banksters fuck with them through inflation and/or SS the boomers are going to take back the country from the banksters, arrest them and throw them into prisons.
Boomers aren't going to do shit but wait on the couch to turn to dust. Boomers didn't care enough this long, weren't vigilant, knowledgeable, informed, aware and you can't teach an old dog to hunt (they just roll over and cut nasty farts).
Miserable old bastard, so mired in his lies he is no longer able to distinguish the truth and would attack it if confronted.
For his legacy's sake he shoulda just kept his mouth shut, but he couldn't resist. Will go down in history as the filthy lying scum he is, as children dance on his grave.
Children? I'm a grown ass man and I will go dance on his grave.
What a pathetic old irrelevant douche bag. So much for soft landings, huh Alan. Simply booms and busts in the Stock Market. You fucking worthless criminal.
That's called Schyzophrenia.
Thinking like that is what destroyed our economy since the 70's. This turd ball just does not get the difference between running up debts you have to pay in one form or another and spending earnings. There is no more party here dude. You WRECKED it. Stocks up or not, the economy is going to continue to crater.
A man and his tribe who rule lala-land.
'Land of Confusion' muppet letting us know what really matters. It seems they want us to be nothing but mindless consumers. Hell, today one of those CNBS pundits even said he wanted people out buying more crap.
greedspan, greenscab, creepspan, a piece of shit by any name is still a greenspan...
I've read omega-3 may help Alzheimers. I hope he eats more fish.
I hope he gets eaten by fish.
And here I thought that stock prices were an output, not an input. Silly me.
Thank God we don't need capital for capitalism.
And...FUCK YOU for stealing my children's economic potential and saddling them with hundreds of thousands of dollars in debt to pay off your drug soaked, sex crazed butt buddies.
Fuckhead.
My daughter would like to see your "fuck you" and raise you a "eat shit".
Dudes, take a deep breath and remember the debt isn't real and it is unconstitutional.
All we need to do is fight the power.
The scary part is that 90% of Americans believe this fucker's shit.
These faces just carry water for their owners. They are the public face of their owners.
16 year olds outperforming
Buffet throwing his weight around.
Companies accused of being cash hoarders.
Brand new Greenspanisms.
Upwardly accelerating gas prices.
Getting really toppy in here...
Please tell me why this motherfucking piece of garbage (Greenspan) hasn't been LYNCHED YET??????
DIE BITCH DIE!!!!!