Alan Greenspan Rocked By 50% Deflation In Three Months
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.
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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