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Not a fan of this jack-wipe but he's now sending out some pretty strong signals...
Alan Greenspan to investors: 'Run for cover'
Alan Greenspan says the party's over on Wall Street. The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.
"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.
Not a fan of this jack-wipe but he's now sending out some pretty strong signals...
Alan Greenspan to investors: 'Run for cover'
Alan Greenspan says the party's over on Wall Street. The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.
"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.
Who cares about Wall Street? (courtesy Mycroft)
Worst start of Dec stock market since GD. Yet, my prepper boss who voted for Trump likes it b/c that means he was right for once in the four years I've known him since he's been talking about the big crash. I suspect he masturbates to this stuff.
It would be interesting to know where Mr. Greenspan has his ($20M?) of net worth invested.
Invest in bonds. The American economy is experiencing inflation because it had done so well. Duh.
It would be interesting to know where Mr. Greenspan has his ($20M?) of net worth invested.
Invest in bonds. The American economy is experiencing inflation because it had done so well. Duh.
Greece?
Far as I can see inflation is not yet looking like it’s going to go too far from the Fed target of 2%, but that’s why it’s so important that the Fed raises interest rates to try to put a cap on where inflation can go, Wall Street can complain all it wants but it’s a necessary step when the economy is doing what it’s doing, barring another financial crisis, stocks are extremely overvalued and over the past few years speculators have been drunk, the fact that the Qatar blockade and Trump tearing the Iranian deal apart didn’t spike oil prices was interesting enough to me to pay attention to the fact Wall Street is a bit off.
I’m sure Wall Street wants nothing more than the cheap interest unlimited money train to continue, as Wall Street is built much like America is, debt and cash flow...
It’s what also makes the presidents comments pants on head retarded and the reason why the Feds independence is so important.
It took Dems about two years to turn around the great republican recession and put it on the right path again and it took republicans about two years to turn it back around and trash it yet again.
Not a fan of this jack-wipe but he's now sending out some pretty strong signals...
Alan Greenspan to investors: 'Run for cover'
Alan Greenspan says the party's over on Wall Street. The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.
"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.
They always seem to get bailed out by Germany.
What the trump tax breaks really did for the economy...
Corporate America gives out a record $1 trillion in stock buybacks
Corporate America celebrated the first full year under the new tax law by rolling out a record-setting $1 trillion of stock buybacks.
US companies, led by Lowe's (LOW) and AbbVie (ABBV), rewarded shareholders by unveiling $34.4 billion in buybacks last week, according to TrimTabs Investment Research. That lifted repurchase announcements above $1 trillion for the first time ever, TrimTabs said, exceeding the prior record of $781 billion set in 2015.
How many times do we have to be shown that republican trickle down economics is a failure?
Not a fan of this jack-wipe but he's now sending out some pretty strong signals...
Alan Greenspan to investors: 'Run for cover'
Alan Greenspan says the party's over on Wall Street. The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.
"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.
Since you're going that route, it took Donald Trump about 6 months to generate more than 2% growth per year which BO could never, on average, produce in his 8 years as president.
[emphasis added by bubba]A long-time cheerleader for deregulation, Greenspan admitted to a congressional committee yesterday that he had been "partially wrong" in his hands-off approach towards the banking industry and that the credit crunch had left him in a state of shocked disbelief. "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."
It was the first time the man hailed for masterminding the world's longest postwar boom has accepted any culpability for the crisis that has engulfed the global banking system.
During a feisty exchange on Capitol Hill, he told the House oversight committee that he regretted his opposition to regulatory curbs on certain types of financial derivatives which have left banks on Wall Street and in the Square Mile facing billions of dollars worth of liabilities.
"I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms," said Greenspan.
Because his average was screwed up by the trash GW Bush handed him that took his first two years to turn around. While Obama handed trump that upward growth that he's throwing in the garbage can as GOPers are wont to do.
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