Quote:
Originally posted by SoCal911SC
Alan Greenspan is the Bubble Master.
That's been his claim to fame. His big economy under Clinton was the tech bubble, under Bush it's the housing bubble.
Both provide huge GDP growth and a "fake" economy. Both come crashing down. And in both he only makes veiled "no, please stop (wink wink)" type remarks supposedly aimed at preventing the bubbles.
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Ok, sorry, but I have to point out what an idiotic statement this is. Our economy has been thriving or at the low points stable since his appointment by Reagan. He was appointed in 1987. How does anyone see his only claim to fame as being under Clinton or W.? Are you really that stupid? I don't think so, or else you wouldn't be able to figure out how to work the computer.
Greenspan is the only reason our economy was able to survive a completely inept president like Clinton. I promise you he understands how our economy works better than anyone else on this board, including me.
And to help you a bit, a large part of his genius is his ability to influence the financial markets with his statements and opinions, rather than by changing fiscal policy. He has many tools available to him to stabilize our economy, yet his preference is to utilize public opinion rather than government intervention to achieve his goals.
Most are too simple or simply untrained to understand his tactics. Let me know and I will be glad to perform some rudimentary economics lessons.