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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I say, "Ignore the stock market, only the ECONOMY matters!"
Who is this guy Greenspan?Did he produced any vegetable,any instrument,any car,any resourt,sport record or wise versa?This guy whole of his life was leaving on expense of the system they are trying to run at all our costs and fail fail fail.Mr.Greenspoan,you and your governments disconnection with reality is so obviouse that even school pupols know that 75% of the healthy money today going into the ETF trading funds,other 25% divided between other assets of which real Economy is tiny fraction,how for the your worthless president name you are calling from your bunker to us invest into your creation fraud stock market which became to be a tool of the robbery masses and country,but benefiting the banking industry with its puppets in???Did you read the London strip bars loosing money because many bankers ffired and their positions cut off,so strippers can not get free breakfast any more on their levish style and you calling to keep this strip dance going on?I'm better to buy discount snickers bar
we got new Forum in russia and in russian,but you can talk english(as most russians speaking it),to leave comments in translite or russian,what is good is that Russia absolutly free country if it apply to critics of their enemies,it takes some few minutes to be free from Big Brother watching being registred in Mail.ru
http://trendybull777.blog.com/
Why does Maria look so much like a whore> I cannot figure it out.
Claymation at it's best :-)