This is a syndicated repost courtesy of Snakehole Lounge- Online Course Notes for Financial Markets. To view original, click here. Reposted with permission.
Yes, “Maestro” didn’t see a housing bubble and did nothing to stop it. And then it popped.
Other than Greenspan’s inability to spot a massive housing bubble, …
Liquidity moves markets!Click here to learn how you can follow the money.
Greenspan is worried about poor labor productivity …
And unit labor costs.
He is also worried about the budget deficits (although many economists said that budget deficits were not a problem under Obama when they exceeded $1 trillion for several years, but suddenly NOW they are a problem? As Meryl Streep uttered in Death Becomes Her, “NOW a warning?”
Well, at least Alan Greenspan is “Bonded.”
Today was Fed Chair Janet Yellen’s last meeting. Be careful on that wing, Janet!
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