Alan Greenspan Rocked By 50% Deflation In Three Months

Tyler Durden's picture

For a man who spent his entire career, over half a century, generating ~2% inflation leading to the great middle-class wealth transfer known as the "great moderation", and of course the great financial crisis, personally experiencing 40% deflation in under three months must be the supremest of ironies.

 

Oh wait, 40% two weeks ago. Make that 50% deflation as of today... or as the Princeton economics department would say, an annualized deflation rate of #Ref!

 

And in other news, one wonders how long before the brand new book of that other financial humorist gets the Joseph A Bank "buy 1 get 3 free " treatment.

 

Out of curiosity, just how does one get rich carefully by losing 95% in Bear Stearns a week ahead of its insolvency?

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The Shootist's picture

He's the deformed shield traitor from 300.

max2205's picture

I just wiped my ass with page 69... It felt great!

Soul Glow's picture

Alan Greenspan is fiine!!

nmewn's picture

"I've talked to my people. He's fine!"

nope-1004's picture

F'n Greenspan.  Ya.... I'll buy that book.  I've got nothing better to do than read something full of lies - at half price.  F'n prick.

The thing won't sell even at 100% off, because the public KNOWS that their money printing and QE policies were banker-buddy bailouts and US debt monetization, with zero help to J6P.

Now stepup to the mic and lie some more about the real benificiaries of your asinine policies, Mr. Yellen.

The pigmen need to face the crowds.  Don't worry, I'll be there..... 

LetThemEatRand's picture

I hereby pledge that if I see anyone in an airport, restaurant, or other public place reading GreenRand's fucking book, I will publicly berate said individual even if it means shaming or threat of wool violence from nearby sheep.   Fuck you Greenspan and the fucking Ayn Rand horse you rode in on.  At least your buddy Rand could sell books you fucking traitor to America.  And at least your former co-author Rand had the decency to admit that her books were Fiction.

TheLooza's picture

seriously a lesson for those who want to name their book something uncatchy. call that shit hookers and blow, sit back and watch the money come in.

LetThemEatRand's picture

Or just couch your bullshit message in interesting characters and create a simplistic narrative that appeals to sheep.

akak's picture

Or use a hyperbolically alarmist title, maybe something like "Economy in the Balance".

Never One Roach's picture

"I'm from MFGlobal. Trust me."

Keyser's picture

And the old stand by, "I'm from the government and I'm here to help!" 

 

Manthong's picture

Inevitable: those books will be in the dollar stores selling for a buck, which means they wholesaled for half that.

markmotive's picture

I remember when Greenspan was treated like a god. "The Maestro", he was called. He could do no wrong and people ate up the moral hazard he created.

It is rumored that he was NOT happy when this documentary on money and banking was released.

http://www.planbeconomics.com/2013/03/documentary-money-banking-and-fede...

dogbreath's picture

I read the autobiography of the Shah of Iran way back,  and then the Manuel Noriega's,  and then the FBI guy who handled Ruby ridge and Waco.     They all had this quality of sanitizing history.  I am guessing this will be worse.

SAT 800's picture

Wait; how about, "Global Warming Now !"; I bet we could sell that?

A Nanny Moose's picture

/sigh. We've been over this Rand/Greenspank guilt by association horseshit argument before. FFS, Don't make me repeat myself. Greedspank is not Rand, Rand is not Greenspank goddammit.

Finkle is however, Einhorn.

Greenskeeper_Carl's picture

"because the public knows" . negative. the public is fucking clueless. ask 'the public' about QE, ZIRP, TARP, etc. I will punch myself in the face if 1 in 10 of the public knows what 1 out of 3 means. im glad his book isnt selling, but it is not because the public is becoming wise to their ways. nothing could be further from the truth

nope-1004's picture

In your context, those that know nothing will also then not know who the fuck Greenspan even is.  But for those that know who he is, and presumably those that would know would be the ones to look at the book before purchasing, they will judge him for the mess he has made.

But yes, as far as the general public, they are clueless and can't even read properly.

 

Skateboarder's picture

I can guarantee that most, if not all, of my peers (mid to late 20s) don't know who Greenspan is. But then again, I think that notion applies to all age groups.

Leonardo Fibonacci2's picture

As for me it don't matter, Greenspan or Cramer, they are both FUCKERS.  These two are both douchebags

Cacete de Ouro's picture

Cramer has no idea how bad his book sales are (to use his own words)...he has no idea, HE HAS NO IDEA how bad it is out there..NO IDEA....

Ed: that's quite enough Cramer for one night....

This Cramer 'no idea' clip never ceases to amuse me: http://youtu.be/SWksEJQEYVU

Crash Overide's picture

Seriously this fucking guy is amazing, Cramer is easily the smartest of the retarded.

 

monoloco's picture

I disagree, that slick glossy paper just kind of smears things around.

U4 eee aaa's picture

probly clog yer terlot too

BillyTheBlade's picture

See! See! Deflation really is the threat! Thank you 2% inflationary target that will save us!

SAT 800's picture

Reading is one of my major activities,and normally, I'm willing to read the personal thoughts of people on both sides of an issue; but I wouoldn't want to get close enough to anything Greenslime wrote to read it; afraid I might get some on me. I realize he's just an over-educated moron, but he ACTS like an agent of the devil.

ArkansasAngie's picture

If I gave a rats arse

ebworthen's picture

The title for Greenspan's book should have been:  "The Crap and the Apothecary"

Jim Cramer's book title should have been:  "Gut Fleeced Carefully"

the0ther's picture

Man if only the dudes breathing would deflate by 50%…

I am Jobe's picture

Hope he dies broke and his woman is sold to the Al queda 

Leonardo Fibonacci2's picture

Greenspan is 42 years older than his wife.  The fucker is an old vampire

NoDebt's picture

If they have kids, I'm sure he drinks their blood every night.

RaceToTheBottom's picture

Even worse, he plays tennis.

He probably wears those head sized eyeglasses

secured_party-creditor's picture

.....and those Jack Tripper shorts....

U4 eee aaa's picture

Mr Magoo eyeglasses and Jack the Ripper shorts

Ralph Spoilsport's picture

Andrea Mitchell ain't no spring chicken either at 66.

Promethus's picture

Wait. If Andrea Mitchell is 66 and Alan is 42 years older than his wife (3 posts up) that would make him 108. Now I have to go Google.

akak's picture

And he doesn't look a day over 102!

TheFourthStooge-ing's picture

Made me laugh. Even Greenspan's liver spots have liver spots.

fijisailor's picture

Hey I found that book in goodwill for .99 cents.

Leonardo Fibonacci2's picture

I agree with you NoDebt, they should pay us to read the books of Greenspan and Cramer.  Alot of trash is written to the sheeple.

TheFourthStooge-ing's picture

The only way to determine the fair value of Greenspan's book is by determining its BTU content.

cynicalskeptic's picture

or its page count (divided by two)  compared to the cost of a comparably sized roll of bargain brand toilet paper

PT's picture

I'd still prefer the toilet paper.  Jack of all Trades, Master of None ...

Ralph Spoilsport's picture

I bet his book would disappoint at the raw combustion level also. If you had a nice fire going, adding this book would put the fire out in short order.

U4 eee aaa's picture

Although, if your house was on fire and you threw a bunch of these books on it, the fire would only increase in intensity. Like all other Fed by products, these books have unique physics that tend to mess you over no matter what you try to do with them

NoDebt's picture

50% off.... like the value of a dollar under his Fed Chairmanship.  How's it feel on the receiving end, Alan?

yrbmegr's picture

I guess he printed too many...um...books.  Give me a moment to chuckle.