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Tag Archives: alan greenspan
Rational Despair
The first full week of 2025 is coming to an end. And the final days of President Biden’s time in office cannot come soon enough. After four years of mega deficits and mega meddling, the economy and stock market have been crudely distorted. They’re both bloated to the max. Continue reading
Posted in MN Gordon, Stock Market
Tagged alan greenspan, bubble, collapse, irrational exuberance, priced to perfection
1 Comment
The Decline and Fall of a High Finance Wizard
Citron trusted his clairvoyance. He believed he knew what the Fed was going to do before the Fed even knew. His apparent acumen had garnered him the highest reputation. He was regard a wizard of high finance. Continue reading
Posted in Government Debt, MN Gordon
Tagged 1994, alan greenspan, merrill lynch, orange county bankruptcy, robert citron
3 Comments
“The Future Ain’t What It Used to Be”
The populace, through a long sequence of self-inflicted economic and social depravities, has a bazillion and one fire ants up its pantaloons. What’s more, they don’t like the uneven mix of pain and panic this provokes. But they aren’t quite sure how to put a stop to it. Continue reading
Posted in Inflation, MN Gordon
Tagged alan greenspan, federal reserve, john maynard keynes, price controls, yogi berra
14 Comments
Alan Greenspan’s Pickled Economy
Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. On Tuesday, for instance, he told Bloomberg he hasn’t been optimistic for “quite … Continue reading
Posted in Government Debt, MN Gordon
Tagged alan greenspan, debt, entitlements, federal reserve, GDP, gold
1 Comment