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Greenspan Fears "False Dawn" In US Economy, Warns Of "Equity Correction At Some Point"
Equity bulls should be exuberant. The last time Alan Greenspan warned of exuberance and potential for a correction, stocks soared for a few more years. While Yellen's stock-picking skills have been questioned in recent days, Greenspan has once again weighed in:
- *GREENSPAN SAYS 'KEY QUESTION' IS WHETHER U.S. FACES FALSE DAWN
- *GREENSPAN PREDICTS AT SOME POINT EQUITIES TO HAVE CORRECTION
Although Greenspan declined to second-guess the Fed, he sees a problem moving toward "normalized" policy for his descendants.
Speaking on Bloomberg TV, Greenspan has lots to say...
- *GREENSPAN SAYS `OPEN QUESTION' WHETHER INFLATION WILL SURPRISE
- *GREENSPAN DECLINES TO `SECOND GUESS THE FED'
- *GREENSPAN SEES `A LOT OF UNCERTAINTY' ON ECONOMY
- *GREENSPAN SAYS `WE HAVE A LOT OF UNCERTAINTY OUT THERE'
- *GREENSPAN SAYS HE'S CONCERNED BY SLOWER OUTPUT PER HOUR
- *GREENSPAN SAYS PRODUCTIVITY WILL HAVE TROUBLE ACCELERATING
- *GREENSPAN SEES PROBLEM MOVING TOWARD `NORMALIZED' POLICY
He is also an oil analyst...
- *GREENSPAN SAYS OIL MARKET HAS EXCESS CAPACITY, SLACK
- *GREENSPAN: WITHOUT MIDDLE EAST TENSION OIL PRICES WOULD FALL
- *GREENSPAN: CRUDE WOULD BE $15-$20 LOWER IF NOT FOR MIDEAST WOES
And warns of US fiscal problems...
- *GREENSPAN SAYS U.S. LACKS `FISCAL RESOURCES'
- *GREENSPAN SAYS U.S. HAS `NO WAY TO FIND NEW REVENUES'
- *GREENSPAN SAYS U.S. `RUNNING OUT OF BUFFER IN ECONOMY'
- *GREENSPAN SAYS FISCAL POLICY MAY PUT STATUS OF DOLLAR AT RISK
And then there's this...
- *GREENSPAN SAYS DOLLAR HELD `IN EXTRAORDINARY ESTEEM'
Except in Russia, China, Brazil, and India?
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Moar like Red Dawn!
Beat me to it.
Greensapn - self admitted dunce
“Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief,” he told the House Committee on Oversight and Government Reform.
http://www.nytimes.com/2008/10/24/business/economy/24panel.html?_r=0
"I have found a flaw," said Greenspan, referring to his economic philosophy. "I don't know how significant or permanent it is. But I have been very distressed by that fact."
http://www.theguardian.com/business/2008/oct/24/economics-creditcrunch-f...
What's really funny about these Greenspan quotes is that the "flaw" he found is that the short-term greed of individual executives in making as much money for themselves in as short a period of time as possible, may trump their interest in the long-term survival of the companies they head. I mean, you can't blame the guy for not thinking of that. Who could see that coming?
The Sucker’s Rally of the Millennium
flash back to 2007 2008, greenspan hikes rates 6 consecutive times destroys us economy. fuck him
That was Bernanke, not Greenspan. I believe Greengoat was gone in 2006.
That's a lotta GREENSPAN SAYS up there....
I hope they're not grooming that old gollum for a rerun
Short circuit gold and support a fraudulent CPI then run credit market debt in the US to 380% of GDP followed by QE, you are going to get a currency collapse.
The currency collapse will surprise so yes price inflation will surprise as well.
Well Rand, why would you expect an Ayn Rand acolyte to have anything other than a dogmatic worldview? Noble industrialists my ass...
GREENSPAN SAYS `OPEN QUESTION' WHETHER INFLATION WILL SURPRISE'
Of course it won't suprise, we all know it is going higher.
GREENSPAN SAYS HE'S CONCERNED BY SLOWER OUTPUT PER HOUR
Who woulda thunk that squeezing the 99% on all sides through inflation in EVERYTHING EXCEPT WAGES might burn them out and destroy worker productivity. Not to mention worker lives, sanity, etc.
when an asshole speaks, they expect the morons to listen.
Greenspan! Tribal, vile, sickening lizard man! Reminds Mongo of another self annointed tribesman, Einsteen the genius/dunce.
Anybody remember Tesla? The man not the group.
Yes, and if you are a fan of Tesla and know of the things he did, you should research Eric Dollard. He has taken what Tesla did and expanded on it. A modern day Tesla if you will.
Cool thanks, just bookmarked his website, and here Mongo was just looking for something to read!!
dollards video presentations are completely amazing. that guy should be a national treasure.
With that dickhead's record, I would not pollute myself by listening to any of the bullshit that spews from his mouth. Fucking whore of Babylon.
There is a really interesting site about meth addict eric dollard too. crazy.
anyway, il maestro is no einstein. he is a sick and twisted failure of a statist. his fascination with and errant twisted manipulation of equity indexes as a monetary tool is a horrifying anti-american legacy that has infected the already diabolical institution of the Fed. his promotion to the head of that body is one of the worst things that ever happened. he has legitimized the pathological tinkering worldview of the progressives. progressive: 1) someone who wants to tell other people what to do and how to do it - 2) someone who has no problem using state power to steal property from those who they dislike to give it to those they do in pursuit of theiir utopian agenda.
There is also a site about the guy who was trying to steal all his shit and put out the info about Eric. But you know the internet... At any rate, many of the books written by Dollard back during Borderlands time are quite good.
That Green Spawn of a central banker...
Yeah, Greenspan is a fine one to say anything about the economy. He's part of the same inept club that controls our money for their own gain. It doesn't affect them at all--they only have to keep ripping us off. And they have the IRS to do it. And they have goons with badges to back it up. And they have the media to cover it up. It's bad enough that they are systematically looting the whole country without lecturing about fiscal anything. No one at his level has the business acumen to run a street coffee wagon. It's all smoke and mirrors.
Snake oil salesman par excellence.
William's on a roll today!
I think ole Greensperm is going senile.
greenspan says...love my good and plenty....
He's not going senile. That fast-talking blabber that he makes up as he goes along is normal for him. He probably started this in kindergarten when he successfully passed off his broken crayons on his unsuspecting classmates in exchange for something better. He's been a natural born scammer all his life like the rest of them.
Who is this Greenspan guy anyway?
An artifact from 'the good ole days'.
1/2/s
a scholar of "Animal Spirits". must be a Native American. his totem are... Bubbles, and he believed he had no Prick
the tribesman that begun in earnest the new world order.....
"Who is this Greenspan guy anyway?"
A failed musician, that's who. Oh and a proponent of Charles Keating back in the day... no one remembers how that turned out. Has the S&L Crisis been paid for yet with your tax dollars?
I see Greenspan has popped to the surface of his personal cesspool for a breather.
Amazing how long they can hold their breath in the mud.
Greenspan doesn't breathe oxygen, neither do mud dwellers.
*GREENSPAN SAYS U.S. LACKS `FISCAL RESOURCES'
No. Alan, the US lacks FISCAL RESPONSIBILITY, that is what the US lacks.
This whole paradigm is a false dawn!!
Don't expect Greenspam to croak until his predictions come to pass... That shapeshifting lizard will probably live another 100 years.
greenspan warns " i am old and look like a a dead mushroom"
Good for a laugh, thanks Fonz.
Mr. Magoo is the animated version of this friggin schmuck..
"Oh Magoo you've done it again!"
"Declines to second guess the fed"? Really?
At some point please have to correct? Thanks for that brilliant insight asshole. It's not like every pundit on CNBS or Faux news is saying the same thing.
Typical Fed trick - trying to talk the markets down rather than actually doing anything concrete.
*GREENSPAN: CRUDE WOULD BE $15-$20 LOWER IF NOT FOR MIDEAST WOES
1. The middle east has woes for over 2000 years so don't hold your breath.
2. Oil started going up right after the creation of ICE and made the price go up to please Obama's Saudi masters. It might be bad for the servs but it gives the saudi's the much needed funds to sponsor the kids that kill the American kids.
Alan Greenspan playing with your wallet,
Is like letting Woody Allen play with your daughter.
You mean something more than a 8 point S&P drop? Shit... no way, man.
Have we finally reached our "irrational Exuburance II" stage?
Now can we execute this motherfucker?
Why do people like this continue to be listened to for any advice?
Why are they listened to?
Cuz the tribe is like the frickin E.F Hutton. And everbody knows when the tribe talks people ???
Did he say anything about how oil is priced being a fuckin' absurd scam that fucks 99.9% of us?
This is a man who probably forgets to wipe his ass most mornings, and even at his best he reminded me of a 20 dollar psychic (I dated a girl.... huge cans, fellas, and an ass like a Puerto Rican girl...)
Anyhoo - fuck this guy.
Smells like a good morning to buy rubles...
"Smells like a good morning to buy rubles... " my thoughts exactly.
he looks like a war criminal
No no. No war criminal. Perpetual victim maybe! Repeat until convinced, then make a small donation to your chosen foundation:-)
Welp that seals it folks. Buy every stinking equity you can get your hands on as this shit is going to the moon, along with inflation.
Thanks for nothing Alan
NOW GO FINGER BANG YOUR POCK MARKED WIFE, ANDREA TWITCHELL.....AND SHUT THE FLYING FUCK UP, MISTER IRRATIONAL DOUCHEBAGGERY
I laughed, cringed, and vomitted. When will the old lying corrupt fuck DIE? I hope it's a slow painful death. The same the American eCONomy and middle class has been enduring.
Klink! Lock him in the cooler....for....217 years!
Why are we still listening to the guy who started the manipulations in October 1987? Everytime there is a hiccup in the bubble, a new one is instituted to breathe life back into the corrupt financial system. Whether it is buying e-minis, creating carry trades in the bond markets, or in this last instance a combination of propping futures, suppressing vol. / risk (how did that work for the Forest Service?), setting up HFT shops to front run anything that’s traded (this is deemed legal?), or telegraphing any / all moves to its constituents (banks, Warren, and other Financial institutions). Of course controlling the media helps with SEO suppressing bad / true information, while manipulating the information flow (a la Goering).
"*GREENSPAN PREDICTS AT SOME POINT EQUITIES TO HAVE CORRECTION"
Wow, the man's an oracle.
Michael Burry vs Greenspan in NY Times op-ed: "I Saw the Crisis Coming: Why Didn't The Fed?"
http://www.nytimes.com/2010/04/04/opinion/04burry.html?pagewanted=1&hp
<------Bud Greenspan
<------Alan Greenspan
One was a prolific Olympic documentor. Died way before his time.
The other a prolific douchebag, masquerading under a nomenclature of verbiage designed to flummox the masses, and outright ass scratch the clued in - leaving them clueless as to what the fuck he just said.
Destined to live forever.....I mean....FUCK
Asleep at the wheel (read Paul ONeill's book - the fucker IS the ORIGINAL CURMUDGEON), this motherfucker is the outright SHIT to the wankin banker cunts, and loved by the corporate fucksticks....still is....
...AND HE STILL, AND ALWAYS WILL BE, A CUNT.
Greenspan should be wearing an orange jumpsuit hanging out with his other criminal buddies.
This guy wants constant attention. He did enough damage.
"Telegram for Mr. Greenspan!"
"Right here boy" (tips kid a nickle)
"Well, let's see what this says"
Mr Greenspan. Fuck you, you fucking fuck.
....and the horse you rode in on.
why all the hate?
seems to me he makes a lot of good points. Maybe I am reading between the lines, but it looks to me like he is saying the economy sucks, will continue to suck and the fed is stepping back and interest rates are going to rise and there is SFA the FED or GUBMINT can do about it.
I'm sorry, I'm sorry, but up with this I will not put. Markets are rational, efficient, and optimally incorporate all information - every shit-for-brains economist whore (excuse the tautology) serving the Oligarchy knows this is an Undeniable Sacred Fact (USF).
Therefore, bubbles never happen and corrections never happen. Bubbles Greenspan knows this better than any of the other whores. It is also a USF, by the very same logic, than widespread rigging of markets is impossible.
"*GREENSPAN PREDICTS AT SOME POINT EQUITIES TO HAVE CORRECTION"
Thank You Captain Obvious!!!
*GREENSPAN: CRUDE WOULD BE $15-$20 LOWER IF NOT FOR MIDEAST WOES
...which have and will continue centuries to come and seem to be getting worse.
Hey Alan, what about debasement of the currency by central banks with the intent of causing inflation? Don't you think that has had some effect on oil prices, you old fool?
This is code people. Look around, see the imagery, study the words. The evil ones are bent on destruction. This is all planned and they're so arrogant and evil that they have to shove it in your face. Look at hand signs in photographs. Learn Mason, Illuminati and satanic signs. They're all around us. On Drudge, on all the MSM sites. Look at the evil rag, Mail Online. Nearly every article is about death, sex, and greed. But study the accompanying pictures, see the signs. Look into the music industry. Read the lyrics your children are exposed to. It's disgusting.
Watch the video I, Pet Goat II and question everything.
"GREENSPAN SEES PROBLEM MOVING TOWARD `NORMALIZED' POLICY"
The problem was moving away FROM normalized policy. Bursing the bubble is not the problem- creating the bubble, which then naturally has to burst, is.
"GREENSPAN SEES `A LOT OF UNCERTAINTY' ON ECONOMY"
There is actually plenty of certainty- it is going to end badly.
Why does anyone give this guy airtime? He's the "Pauly Krugnuts of Supply-Side". '
Alan Greenspan is the flaw in my worldview. This dude thought he
was God's gift to the entire world. In reality, Alan Greenspan single
handedly destroyed the entire Western world through the 'Greenspan put' and good old American knowhow. Frankly, Alan Greenspan is an
offensive greedy anal retentive money hoarder with a severe personality disorder and a pathological need to control his surroundings. His experiment with the world has been the poison that will suffice to genocide his entire family when this plays out. Please understand that this path we are on was planned by Alan Greenspan back when he wrote his thesis for his Ph.D.
NOTE: When you look at a picture of Alan Greenspan you are looking at the real Dr. Evil of the world. Greenspan will go down in history as the dumbest son-of-a-bitch the world has ever known.
"GREENSPAN: WITHOUT MIDDLE EAST TENSION OIL PRICES WOULD FALL"
Yeah and if my aunt had balls she'd be my uncle. What a douche he is.....
When all the current and former Fed Chairmen and women hang from a Gibbet for the sport of the crows, then we will have justice!