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Golden Peacocking
2010-06-22 21:59:00 The latest gold trend? Freud would be proud. The 5 digests two high-profile Op-Eds? Greenspan & Krugman never cease to amaze! Frank Holmes with a nasty BP spill side effect? Byron King on how you can profit from it. Plus, your public servants at work: 8 congressmen under investigation for financial services fundraising.
Inside the First Fiscal Summit, How to Spot the Debt Crisis Coming, The Tre
2010-04-29 23:10:00 ?Losing control of our own destiny? -- the sovereign debt crisis as seen from D.C. How Washington works, and how it doesn?t: Scenes from the Fiscal Summit. What Greece crisis? Factors behind some unlikely rallies. The Trend of 2010: Two asset classes trading in tandem.
Bush, McCain, Greenspan warned of financial problems
2009-04-11 05:44:00 PLEASE Share BEFORE IT IS REMOVED!! This video clearly shows that George Bush warned Congress starting in 2001, that this economic crisis was Coming, if something was not done. But Congress refused to listen, along with the arrogant Congressman, Barney Frank. This video says it all. The liberal media reportedly did not want this video ...
By: TexasFred's
Alan Greenspan?s Blockbuster Admission
2008-10-24 04:51:00 From the New York Times: But on Thursday, almost three years after stepping down as chairman of the Federal Reserve, a humbled Mr. Greenspan admitted that he had put too much faith in the self-correcting power of free markets and had failed to anticipate the self-destructive power of wanton mortgage ...
By: BuffaloPundit
Comment on the Greenspan Era
2008-06-10 15:56:00 This from the 5min Forecast: P.S. ?Greenspan blamed the era of low interest rates over which he presided,? Addison writes by e-mail this morning, ?on the end of the Cold War and the fall of the Iron Curtain.? We didn?t get much more from him than that. He and the film crew for I.O.U.S.A. were in Washington, D.C., today getting some last-minute interviews for the film? including a sit-down with none other than Alan Greenspan. We?ll hear a lot more from Addison and Alan, I?m sure, when Addison returns tomorrow. Hmmm? The end of the Cold War? The fall of the Iron Curtain?…
By: Jutia Group
Is Greenspan’s housing ‘froth’ distasteful after 3 years?
2008-06-09 09:00:00 Three years ago today — June 9, 2005 — then-Fed czar Alan Greenspan gave real estate watchers a new word: “froth.” He told Congress: Although a “bubble” in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels. … plus, he said … The apparent froth in housing markets may have spilled over into mortgage markets. The dramatic increase in the prevalence of interest-only loans, as well as the introduction of other relatively exotic forms of adjustable-rate mortgages, are developments of particular concern. To be sure, these financing vehicles have their appropriate uses. But to the extent that some households may be employing these instruments to purchase a home that would otherwise be unaffordable, their use is beginning to add to the pressures in the marketplace. If you can stomach more, full text of the speech IS HERE! And here&...
It's just too many PANICS (thank you Alan Greenspan). So what did I miss?
2008-06-07 23:13:00 HousingPANICRicePANICFoodPANICO-ilPANICIranPANICWaterPANICRepub-licanPANICArtPANICDollarPANICGo-ldPANICBernankePANICRealtorPANI-CRamenPANICHummerPANICDeficitPA-NICBoomerPANIC
By: Housing PANIC
Greenspan Apparently Suffering From ?Bubble Blindness?
2008-05-31 16:06:00 From Reuters yesterday: MONTREAL (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that he does not expect another "bubble" in world markets for a long time, and that central banks at any rate do not control the long-term interest rates that can be related to bubbles.
By: HousingDoom
Sorry Greenspan, But I?m Not Seeing It
2008-05-15 09:01:00 According to Marketwatch yesterday, "Greenspan sees U.S. house price hit bottom in 2009". I think he’s seeing things. [Thanks L!] U.S. home prices will likely bottom out in early 2009 after the market absorbs excess inventories, former U.S. Federal Reserve Chairman Alan Greenspan told audiences in Asia Wednesday, according to news reports. Greenspan, ...
By: HousingDoom
Alan Greenspan: No Longer An American Idol?
2008-05-14 22:33:00 It sure is funny how Wall Street and investors around the world used to fixate on former Federal Reserve Chairman Alan Greenspan. Every word, every action of the economist was scrutinized to no end as if correctly deciphering it would mean untold riches. Conducting this process was all the more impressive considering the ...
Greenspan Calls Housing Bottom
2008-05-14 21:52:00 Alan Greenspan, former head of the Federal Reserve, has predicted that housing will hit bottom at the beginning of 2009 when the market absorbs the excess inventory. He is, of course, talking about housing prices nationally.Sacramento might already have hit bottom. Anecdotally, I see a lot of pent up buyer demand for bank-owned homes. Once the excess inventory gets bought up, watch the prices rise!
Greenspan Calls Housing Bottom
2008-05-14 21:52:00 Alan Greenspan, former head of the Federal Reserve, has predicted that housing will hit bottom at the beginning of 2009 when the market absorbs the excess inventory. He is, of course, talking about housing prices nationally.Sacramento might already have hit bottom. Anecdotally, I see a lot of pent up buyer demand for bank-owned homes. Once the excess inventory gets bought up, watch the prices rise!
Voters Want Stronger Economy, Greenspan Calls Recession, Gold?s Uncertainty
2008-05-05 20:38:00 by Addison Wiggin & Ian Mathias Forget Iraq, ?economy? ranks as No. 1 vote getter in 2008 election Alan Greenspan says U.S. in recession Warren Buffett on the currency he wouldn?t buy Gold finds buying support? Ed Bugos on the uncertainty still surrounding a sudden rebound Stamps to cost a penny more? but are mysteriously approaching all-time cheap Tales from ...
Tea with Greenspan a bargain at $11,000
2008-05-02 17:24:00 NEW YORK (Reuters) - How would you like a film role with Johnny Depp, tea with Alan Greenspan or tennis lessons from Andre Agassi?
How Is Alan Greenspan To Blame?
2008-04-26 19:10:00 Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back. Greenspan sets the record straight in an exclusive interview. Part 1 Part 2 What are others saying about Alan Greenspan Alan Greenspan unfair blame for sub prime crisis… Why do people blame Alan Greenspan for the sub-prime crisis? He lead ...
Thank you Alan Greenspan, Angelo Mozilo and the realtors of America for rui
2008-04-20 11:48:00 Hope it was worth it, you know, all those profits. All those commissions. All those bonuses. Meanwhile, watch for the divorce rate in the US to soar. Along with the crime rate, the domestic violence rate, the foreclosure rate, the murder rate, the unemployment rate, the inflation rate, the bankruptcy rate, ..........Home Mortgage Crisis May Boost Divorces in U.S., Experts SayThe home mortgage crisis in the United States has spawned problems in the mortgage, real estate and banking industries, and many consumers are now facing mortgage payment increases in the coming months that could cause the number of home foreclosures to climb even higher. And all of those financial woes may be spawning another problem as well -- an increase in divorces, experts say.Scott Daniels, an Ocala, Fla. Realtor, doesn’t need a study to tell him what he already knows -- the mortgage industry crisis is causing an increase in the number of couples who are getting divorced."In the last three months, we hav...
By: Housing PANIC
US Housing Collapse Spreads WorldWide..
2008-04-15 15:08:00 GEF @ 6:08 AM MST U.S. housing collapse spreads overseas By Mark Landler DUBLIN: The collapse of the housing bubble in the United States is mutating into a global phenomenon, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India. This synchronized global slowdown, which has become ...
By: Suzie-Q
Volcker, Greenspan Tag Team Against Bernanke
2008-04-10 21:10:00 This has little to do with small cap stocks, yet it’s something we all should take note of and perhaps laugh about (since crying does no good at this point). I just want to capture some of the highlights we’ve gotten from our two prior Fed Chairmen - Alan Greenspan and Paul Volcker. Basically, Volcker said ...
Greenspan keeps ignoring the facts
2008-04-09 13:59:00 According to CNBC: Fed Didn’t Inflate the Housing Bubble: Greenspan Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing bubble, and instead blamed professional investors. In an article in Monday’s Financial Times newspaper, Greenspan wrote that the housing bubble which inflated between ...
By: National Bubble
Greenspan Goes on Defensive
2008-04-09 13:29:00 This from the Wall Street Journal: I was praised for things I didn’t do,” Mr. Greenspan said during one of three interviews at his sun-drenched office in downtown Washington, D.C. “I am now being blamed for things that I didn’t do.” Now 82 years old, Mr. Greenspan wants to set the record straight before the ink dries ...
By: National Bubble
Greenspan on defensive after 'Mr. Bubble' label
2008-04-09 06:35:00 NEW YORK Alan Greenspan retired in January 2006 as one of history's most lauded Federal Reserve Board chairmen, the subject of accolades that stopped just short of deification.
By: Get rich
Alan Greenspan, no longer sleeping well and realizing he will forever be bl
2008-04-08 06:00:00 Surprising piece in the FT today from Greenspan, where he seeks to refute a critic who blamed him for the housing bubble."Housing bubble? Nah, had nothing to do with it" Greenspan essentially retorts.Well, let's make HP the judge and jury today in regards to Mr. Greenspan and his housing bubble. Here's my list of charges, please add to it:1) Dropped interest rates too low in a panic2) Kept interest rates too low for too long3) Failed to regulate the out of control mortgage lending industry he was supposed to regulate4) Didn't speak out against the bubble ('oh, a wee bit of froth' cutesy cutesy is not speaking out)5) Falsely said the Fed could and should do nothing to deflate bubbles6) Stupidly steered people away from fixed-rate mortgages and into risky ARMs at exactly the wrong time (before he began raising rates), while encouaging the out of control REIC to get even more creative and even more stupid with exotic lending7) Didn't warn Americans that they could be financially ...
By: Housing PANIC
Investors, not Fed, to blame for crisis-Greenspan
2008-04-08 04:13:00 LONDON, April 7 (Reuters) - Former Federal Reserve Chairman Alan Greenspan has defended himself from charges that easy U.S. monetary policy created the current credit crisis by inflating a housing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Alan Greenspan Endorses John McCain, A Man He Respects.
2008-04-07 02:56:00 This endorsement from the former federal reserve chairman, Alan Greenspan, will do much to improve his economic creds. Talking about John McCain, there have been talk about Condi Rice for his Veep... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: Osi Speaks!
Hillary Clinton has a massive brainfart, calls on Alan Greenspan (who creat
2008-03-24 16:25:00 Monkeys I tell ya.Monkeys.Go away Hillary. Go home. You're no longer needed around here.Clinton calls for panel on housing woesDemocrat Hillary Rodham Clinton called on President Bush on Monday to appoint "an emergency working group on foreclosures" to recommend new ways to confront the nation's housing finance troubles.The New York senator said the panel should be led by financial experts such as Robert Rubin, who was treasury secretary in her husband's administration, and former Federal Reserve chairmen Alan Greenspan and Paul Volcker.
By: Housing PANIC
Clinton proposes Greenspan lead foreclosure group
2008-03-24 15:57:00 WHITE PLAINS, New York (Reuters) - Former Federal Reserve Chairman Alan Greenspan and other economic experts should determine whether the U.S. government needs to buy up homes to stem the country's housing crisis, Democratic presidential candidate Hillary Clinton will propose on Monday. Clinton, a presidential candidate and senator from New York, said the Federal Housing Administration should "stand ready" to buy, restructure and resell failed mortgages to strengthen the ailing U.S. economy. "Just as it has in the past, this kind of temporary measure by the government could give our economy the boost it needs and families the help they need," Clinton will say, according to excerpts of remarks prepared for a speech in Philadelphia. "It would not require a single new government bureaucracy, and would be designed to be self-financing over time -- so it would cost taxpayers nothing in the long run." Clinton threw her weight behind legislation proposed by Democrats Rep. Barney Frank...
Greenspan: Economy worst since WWII - Gallegly still thinks tax cuts are gr
2008-03-23 21:28:00 Interesting. Bush appeared at the Economic Club of New York just recently to say the US economy was just fine. Bush continually appears out of touch with reality. Even the experts around him can’t cover for his madness and dishonesty any longer. How long are the Republicans going to protect their “man” as ...
By: What's Going On
US Stock Market Watch by Allan Greenspan
2008-03-23 06:30:00 US Stock Market Watch by Allan Greenspan: http://edition.cnn.com/2008/BUS-INESS/03/21/us.recession.ap/ind-ex.html Some interesting news: Warren Buffett’s Top 10 stocks American Express Burlington Coca Cola Johnson and Johnson Kraft Moody’s Procter and Gamble US Bankcorp Wells Fargo Wesco Financial
Upcoming Artist Greenspan
2008-03-21 01:29:00 Up and coming hip-hop artist Greenspan released his new project “Got Green” in January 2008. The new album features original music with soulful sounds and a passionate delivery. The album gives an in-depth look into Greenspan?s talent, personality and him as an individual. ?Got Green? hosts a lineup of guest appearances including Columbia recording artist ...
By: Urban Music
Gold & Oil Plunge, The Next Asset Bubble, Ben Bernanke?s Crib, and More!
2008-03-20 14:57:00 by Addison Wiggin & Ian Mathias Gold prices dive? the AF team tells you why and what to expect next Greenspan?s cuts created a housing bubble — our bet on where Bernanke?s cheap money will flow Frank Holmes on a $1.5 trillion growth story Has the market found a bottom? Dan Denning?s signal for when the crisis will ...
Bear Bought, Fed Cuts, Oil and Gold Surge, Greenspan Speaks, and More!
2008-03-17 22:12:00 by Addison Wiggin & Ian Mathias Bear Stearns acquired for pennies on the dollar… but who really bought the broker, and why Greenspan says current financial crisis worst since WWII… how Mr. Bubble says it’ll end Fed stages another emergency rate cut… details on its latest plan to save the U.S. economy Dollar strikes fresh lows, commodities to ...
Greenspan?s Latest Attempt at Handwringing: A Point by Point Critique
2008-03-17 16:57:00 Seems like Sir Al can’t try hard enough to absolve himself from the monster he created with the tools created by The Creature From Jekyll Island. Here are our thoughts on Honest Al’s latest comments. We will never have a perfect model of risk (By Alan ‘Master of obvious” Greenspan) The current financial crisis in ...
Sir Alan Greenspan?s Image Rusting Away
2008-03-14 20:33:00 ”In retrospect, it’s easy to see how we got into this mess: Easy money fueled a stock-market bubble and, after that popped, more easy money saved the day, stoking a real-estate frenzy that crashed in surging U.S. home-loan defaults and losses exceeding $188 billion at banks and securities firms.“ Hindsight is 20/20 not just for the ...
Greenspan?s Easy Fix
2008-03-06 03:39:00 It’s a little short on details, but Greenspan is right on what it takes for the credit markets to recover: A recovery in global credit markets will depend on stabilization in U.S. home prices and a massive reduction in housing inventory, former Federal Reserve Chairman Alan Greenspan told Deutsche Bank AG clients on Wednesday. "The ...
By: HousingDoom
Bernanke on the Economy, Greenspan on the Dollar, New Home Sales Sink, Lake
2008-02-28 21:10:00 by Addison Wiggin & Ian Mathias Bernanke back on Capitol Hill? ?Fed speak? translations show more rate cuts, higher inflation Why a former Fed chairman gave the dollar a ?slap in the face? Housing takes another turn for the worse? surprisingly bad new home sales data below Oil retreats from $102, but only for a moment? Byron King with ...
Greenspan tells Gulf States to drop the dollar
2008-02-28 19:44:00 Article is here. Funny how this data didn’t come out in America…so, who’s got bets that Greenspan (or his buddies)have shorts on the dollar? You’d expect that someone, who spent 18 years trying to guide fiscal policy, wouldn’t be now spending his free time telling others how to help crash the US economy. Where are ...
Bond Insurers Keep AAA, Housing Takes Turn for the Worse, Rogers & Greenspa
2008-02-26 19:29:00 by Addison Wiggin & Ian Mathias What MBIA, Ambac, Exxon Mobil and GE still have in common… and why it moved markets Home sales hit new lows, foreclosures new highs… where the fallout is the worst Jim Rogers on the U.S. recession… and how “it is going to get worse” A financial sector IPO we ...
MySpace Founder Brad Greenspan Launches LiveVideo.com
2008-02-22 01:48:00 MySpace Founder Brad Greenspan Launches LiveVideo.com and has been considered as a new proprietary web. This new video site called LiveVideo.com, who officially launches the other day, is the first fully interactive, global, live streaming platform. It allows users to connect with others around the world 24 hours a day, 7 days a week, 365-days... [ This is a content summary only. Visit PinoyBlogoSphere.com for full links, other content, and more! ]
TRILATERAL COMMISSION MEMBERSHIP
2008-02-17 00:53:00 NEW WORLD ORDER CORPORATE EMPIRE SHARETHIS.addEntry({ title: "TRILATERAL COMMISSION MEMBERSHIP", url: "http://www.messvideo.com/2008/-02/16/trilateral-commission-mem-bership/" });
By: Mess Video
Time For Sampson and Greenspan To Go
2008-02-14 09:02:00 By now I am sure all of you have read and seen the reports on the latest round of recruiting violations by Coach Sampson and his staff. You can look back on this blog (just search "Sampson" ) and you will see me singing this man's praises. It's true that I didn't want to see Mike Davis go, but I welcomed Sampson with open arms, despite the violations he had at Oklahoma, and the repercussions they meant for Indiana basketball.I do not believe Coach Sampson is a stupid man, and that just means that he is arrogant and foolhardy. I can't imagine why a coach at a Big Ten school, with such a rich basketball tradition as IU would go back to his illicit recruiting methods that he used at his prior job after already being caught.As for Greenspan, he was responsible for brining in a coach that he knew violated league rules once before, so one would figure he would keep Sampson on an extra short leash, making sure he didn't repeat his previous violations and cause further harm to the I...
Note to McCain - Put Greenspan In Your Cabinet
2008-02-11 22:14:00 Okay Johnny boy, you weren't my first choice, but now that it looks like you're going to be the nominee, I want you to win the election. The idea of a liberal in the White House in these dangerous times scares the hell out of me. Images of Obama inviting Ahmadinejad for tea and crumpets are giving me nightmares. So, despite my earlier reservations, I really want you to win now. But let's be smart about this. Let's face it. The three top issues are: 1. Iraq and the War on Terror. 2. The Economy. 3. Immigration and the southern border. Now, on #1, you're gold. On #3, you're ok. (I don't really want to think about this one, 'cause it makes me mad at you.) But you really have a big problem with #2, which will soon be #1 in the minds of the voters if it's not already. And you made the huge (can't really believe you even said this) mistake of saying you know nothing about the economy. I mean come on. You are a politician for crying out loud. You are running for...
By: Asymmetric
The Greenspan Put is Dead, Long Live the Greenspan Put
2008-02-06 21:47:00 After rallying 11.5% into Feb 4 following the Jan 30 FOMC announcement, the stock market has already given up 4.9% of those gains inside two days. As mentioned earlier, the Fed stimulus might prove meaningless in an environment where market participants feel the Fed is behind the curve rather than ahead of the curve. "Accommodate Away" seems to be the Ho-Hum refrain as the feeling grows that it may be too late for intervention to work in a meaningful way and thus kick the stock market to the gutterThe amazing cushion that the stock market does enjoy, and should be a great comfort to equity investors is that the SP500 is yielding 2.4% priced at 1350 in the futures market while the 2 year note only yields 2.0% today. I am not sure that has ever happened in my investing career before. If there is no severe recession forthcoming, then stock market should be an incredible bargain at these prices.So, if this is just a Stress Test, Then 1325-1330 Should Probably Hold in the E-mini'sThe SP...
Greenspan cambia de opinin
2008-02-03 00:53:00 Si el ex presidente de la Reserva Federal de Estados Unidos anunci "a bomba y platillo" que Estados Unidos estaba en recesin, ha vuelto a hablar para corregir sus palabras pronunciadas antes del "lunes negro", para afirmar que segn los datos publicados no se puede afirmar que Estados Unidos vaya a atener un crecimiento negativo.En ContaFiscaMs informacinEl PasFotografa
Interview With Gigeon Greenspan, Carbon Catalog
2008-02-01 21:52:00 Gideon Greenspan writes one of the most amazing sites and blogs that I have seen, Carbon Catalog. On that site he has a map of basically all the carbon offset providers in the world and all most all the carbon offset projects in the world. Some of the topics on the blog part of the site ...
U.S. at recession edge but not there yet - Alan Greenspan
2008-01-25 10:46:00 By Allan Dowd and Nicole Mordant VANCOUVER, British Columbia (Reuters) - The United States is at the edge of a recession, with the odds at 50 percent or possibly higher, former Federal Reserve Chairman Alan Greenspan said on Thursday. "The odds have definitely moved up from a year ago when I was talking of about a third," Greenspan told a financial audience in the Canadian West Coast city of Vancouver. "I think we are now at a point that we are at the edge or over." He added: "The probability of a recession is 50 percent, maybe more but we are not there yet." Greenspan's comments were similar to those he made earlier in the month, and he acknowledged that it was very difficult to predict exactly when the economy might enter a recession or was actually in one. The former Fed chairman said a lesson learned from previous downturns in the economy and financial markets - such as after the September 11, 2001 attacks - was the need to avoid protectionist...
By: B4U India
Greenspan says US at edge of recession
2008-01-25 02:51:00 VANCOUVER (British Columbia) - The United States is at the edge of a recession, with the odds at 50 per cent or possibly higher, former Federal Reserve Chairman Alan Greenspan said on Thursday. 'The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Alan Greenspan?s Policies May Have Hurt You In The Past And Future
2008-01-17 15:09:00 This is an interesting article on MSN money about the policies put in place by Alan Greenspan and questioning they helped you or hurt you and how it will affect your future. I was a very young during most of Greenspan’s tenure, so maybe some of you out there can expound a little more ...
By: Money Crashers
US either in grip of recession, or near it: Greenspan- NEW YORK
2008-01-16 01:29:00 US either in grip of recession, or near it: Greenspan- NEW YORK He points to recent data such as rise in joblessness in Dec (NEW YORK) The United States economy is probably in a recession or about to slide into it, former US Federal Reserve chairman Alan Greenspan said in an interview with The Wall Street Journal. Mr Greenspan: Noting latest data, he says the odds of a recession is still close to 50 per cent, but is ‘more likely higher than lower’ The odds are ‘not overwhelming but they are marginally in that direction’, Mr Greenspan was quoted as saying in the interview, published yesterday. ‘The symptoms are clearly there. Recessions don’t happen smoothly. They are usually signalled by a discontinuity in the market place, and the data of recent weeks could very well be characterised in that manner.’ Last month, Mr Greenspan was reported as saying that he saw chances of a US economic recession at around 50 per cent, compared with his pre...
Greenspan to join New York hedge fund firm: report
2008-01-15 08:25:00 NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan is set to join hedge-fund firm Paulson & Co. as an adviser, The Wall Street Journal reported on Tuesday. New York-based Paulson, with assets of $28 billion, is set to make the announcement on Tuesday, the report said.Credit Opportunities Fund (Paulson & Co.) +590% (in 2007) |
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