| jdeanski |
| An absolutely wonderful parody........... and yes I do think he pushed interest rates a little too high. |
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| N_Jay |
quote:
Originally posted by jdeanski
An absolutely wonderful parody........... and yes I do think he pushed interest rates a little too high.
Maybe a little, but not beyond reason.
Every move is a guess, followed by a watching period to see if your guess was right.
Greenspan has a 6th sense, we may not see another like him, but Berneike is not doing too bad. The last hold on rates will be our first indication.
Remember, rates were already going up, so he was just following Greenspan's trend. He might have gone a step further or a bit faster, but we really don't know. |
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| Sportymonk |
Even Greenspan could overdo rate hikes. If you ever watched the late (and great) Lou Rukeyser Wall Street Week, he would get some good natured jabs in. Apparently Lou and Alan went to school together based on some comments by Lou.
One thing to remember, nobody really knows what the government spends right away. In the military we have three year money that if you don't spend, you will loose but for three years, you can't tell if it was all spent or not. |
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| xGS |
quote:
Originally posted by Sportymonk
Even Greenspan could overdo rate hikes. If you ever watched the late (and great) Lou Rukeyser Wall Street Week, he would get some good natured jabs in. Apparently Lou and Alan went to school together based on some comments by Lou.
Alan Greenspan:
B.S. New York University 1948
M.A. New York University 1950
Ph.D. New York University 1977
Louis Rukeyser:
B.A. Princeton 1954
Ben Bernanke:
B.A. Harvard 1975
PhD M.I.T. 1979 |
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| ramirami |
quote:
Originally posted by N_Jay
Greenspan has a 6th sense, we may not see another like him, but Berneike is not doing too bad. The last hold on rates will be our first indication.
.
LOL..funny. :2:
Berneike has not done anything which is notable so far... he did screw up a lot in the beginning when he opened his mouth and said the wrong things |
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| N_Jay |
quote:
Originally posted by ramirami
. . .Berneike has not done anything which is notable so far... he did screw up a lot in the beginning when he opened his mouth and said the wrong things
Even that was something the Greenspan was known for (but pulled off). |
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| ramirami |
quote:
Originally posted by N_Jay
Even that was something the Greenspan was known for (but pulled off).
he also pulled of commenting on political issues... guess success gives you leverage |
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| rocky |
quote:
Originally posted by ramirami
LOL..funny. :2:
Berneike has not done anything which is notable so far... he did screw up a lot in the beginning when he opened his mouth and said the wrong things
Maybe Berneike was suffering from "irrational exuberance" after getting the job.
Who else recalls the panic when Paul Volker retired and Greenspan took over......Seems its deja view all over again |
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| N_Jay |
quote:
Originally posted by rocky
. . . Who else recalls the panic when Paul Volker retired and Greenspan took over . .
WHAT???? Greenspan did not invent the Fed?
:2: :2: :2: :2: |
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| Sportymonk |
quote:
Originally posted by xGS
Alan Greenspan:
B.S. New York University 1948
M.A. New York University 1950
Ph.D. New York University 1977
Louis Rukeyser:
B.A. Princeton 1954
Ben Bernanke:
B.A. Harvard 1975
PhD M.I.T. 1979
My error. I seemed to remember Lou saying something about Greenspan that I thought was they went to school together at some point. Maybe it was just that they knew each other. Obviously I was wrong. My apologies. |
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| Sportymonk |
USA Today
http://www.usatoday.com/money/econo...her-rates_x.htm
DALLAS (Reuters) — Inflation is still the greatest risk to the U.S. economy, and policymakers will not hesitate to raise interest rates again if incoming data suggests that is necessary, Dallas Federal Reserve Bank President Richard Fisher said Wednesday.
"There is a definite increase in inflationary momentum," Fisher told a real estate group. "The Federal Reserve will not tolerate inflation," he added, calling it the Lex Luthor to the "Superman" United States economy. Lex Luthor is the superhero's nemesis.
Inflation "is a sinister force that has the capacity to charm and romance the heck out of you, but in the end wreaks only havoc," he said.
The stock market goes up just a smige and the Fed has to pull out their wet blanket. |
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| jdeanski |
quote:
Originally posted by N_Jay
WHAT???? Greenspan did not invent the Fed?
:2: :2: :2: :2:
................actually one of my distant relatives, Carter Glass did. |
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| Sportymonk |
Well with the stock market bouncing like a yoyo up in reaction to a Fed hint or indication of a rate change then plummet when reality of economics sets in, seems like a good time to watch N_Jay's thread about Bernanke. Catchy tune.
Play it again Sam. We'll we watching you. ...:) |
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