Showing posts with label Alan Greenspan. Show all posts
Showing posts with label Alan Greenspan. Show all posts
Wednesday, December 14, 2022

Surprise, surprise, right on schedule progressive Robert Kuttner attacks the 2 percent inflation target in favor of 4 percent

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 It all sounds very persuasive, as long as you forget how inflation impoverishes the lower classes and keeps them down so that the elites ca...
Sunday, May 9, 2021

Good a day as any to remember that Alan Greenspan in 2007 explicitly advocated for immigration to suppress the wages of skilled laborers

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Greenspan: Let more skilled immigrants in  : "Our skilled wages are higher than anywhere in the world," he said. "If we open ...
Thursday, October 18, 2018

Alan Greenspan's tight labor market is fake news: Unemployment is really 8.4%

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In September 2018, the civilian labor force was just 62.7% of the civilian noninstitutional population (161.958 million X 100 / 258.290 m...
Tuesday, December 30, 2014

Alan Greenspan is expecting mediocre GDP in 4Q, says housing and investment must recover to fix it

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Quoted here at Bloomberg: Greenspan said the economy won’t fully recover until American companies invest more in productive assets an...
Monday, December 15, 2014

Libertarian free-trade presidents named BUSH get the most blame for lost manufacturing jobs

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Since Jimmy Carter took office in January 1977, during whose term manufacturing jobs reached their zenith of 19.5 million, 5.6 million n...
Sunday, December 14, 2014

Stupid things heard on the Steve Gruber Show radio program last week

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Both the AM drive-time host, Steve Gruber, a libertarian for whom every opponent is taken as a challenge to his manhood, and his weekly ...
Wednesday, December 10, 2014

The Ayn Rand worshipper wearing the glasses went on to ruin the country in 2008, nobody else

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And Michigan's 3rd Congressional District, once represented by Gerald Ford and now by Justin Amash, still reeks with the putrid smel...
Friday, October 31, 2014

Gold miners dive: VGPMX plunged to 8.91 yesterday, hasn't been that cheap since January 2002

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The historical low for VGPMX was 5.05 on 8/31/98. The historical high was 40.02 on 5/19/08. The maximum NAV gain was 692.47%. Alan...
Wednesday, October 29, 2014

Average Effective Federal Funds Rate by chairman of the Fed in the post-war

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William McChesney Martin (15 years)  3.62% Arthur F. Burns (8)        6.49% G. William Miller (2)    9.56% Paul Volcker (9)           10...
Monday, April 21, 2014

Don't blame QE for the decline of the dollar, blame Bush or Greenspan or global warming or war

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The decline of the dollar under QE has been nothing when compared with its decline from 2002 to 2008. Between high water marks in early...
Tuesday, April 1, 2014

Godless Libertarian Triumph In MI-3: Justin Amash Is Pro-Gay All The Way, Just Like Brian Ellis His Challenger

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There really is no choice for social conservatives between the two Republicans in the MI-3 primary in 2014. Neither candidate can bring hims...
Friday, July 12, 2013

How A Good Central Banker Is Supposed To Behave

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not like this under Greenspan and Bernanke David Merkel, here : A good central bank fights the politics of the nation of which it is a part ...

Bernanke Contradicts Himself

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So says Jeffrey Snider, here : Chairman Bernanke stole the show yesterday, certainly by his accommodative and now contradictory stand. I sup...
Monday, April 15, 2013

Another Gold Bear Recognizes Fair Value Is Below $500 The Ounce

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Noted by Bob Pisani, here : Gold bears like MKM note that if gold had simply moved with the CPI basket since 1913, it would stand at $490 an...
Wednesday, April 3, 2013

Forbes: The Fed Is The Most Hypocritical, Thieving, Incompetent Bank In The Country

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Richard Salsman for Forbes here savages the thieving, incompetent US Federal Reserve for its utter hypocrisy in keeping comparatively well-...

The Nation: Bill Clinton Wrecked The Economy, Not David Stockman

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So Robert Sheer, here : It wasn’t Stockman who wrecked the economy. It was Bill Clinton who deregulated the too-big-to-fail banks, and it wa...
Sunday, February 5, 2012

Does The Fed Help Precipitate Recessions By Raising Rates, Or Lowering Them?

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Yes! Alan Greenspan was confirmed as Federal Reserve Chairman in August 1987, Ben Bernanke in 2006.
Tuesday, January 31, 2012

Laughs at Fed Meetings Peaked With Housing Bubble in 2006

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So says The Daily Stag Hunt  here , where the data show that laughs suddenly surged in 2006. Compared with the average of 20 laughs per meet...
Wednesday, November 23, 2011

Remembering the $Trillions Withdrawn from the Housing ATM

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Boy, don't we wish we had those back today. Consider The Washington Post, May 30, 2007, here : According to Fed data, homeowners' eq...
Thursday, September 22, 2011

I Don't Like Felix Salmon's Chart. I Like My Chart.

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His chart here makes it look like what's been going on since 1995 has been part of one relentless long term uptrend, the sanguine impli...