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and everyone called Greenspan 'The Maestro' because of
Posted on: January 29, 2018 at 15:06:00 CT
JeffB MU
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how perfectly they thought he was at setting Fed policy on rates.
His policies were instrumental in causing the dot.com bubble... and then they flooded the market with cheap liquidity to counteract the crash that they had caused, blowing a much bigger housing bubble... that too few recognized until it almost brought down the world's financial system.
...and then Bernanke, his sidekick, blew a much bigger bubble, which we are still in, to counteract that crash... and was named Time's "Man of the Year" for doing so.
But this bubble too will pop... and the results will be devastating, unfortunately.
His policies were instrumental in causing the dot.com bubble... and then they flooded the market with cheap liquidity to counteract the crash that they had caused, blowing a much bigger housing bubble... that too few recognized until it almost brought down the world's financial system.
...and then Bernanke, his sidekick, blew a much bigger bubble, which we are still in, to counteract that crash... and was named Time's "Man of the Year" for doing so.
But this bubble too will pop... and the results will be devastating, unfortunately.
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and everyone called Greenspan 'The Maestro' because of - JeffB MU - 1/29 15:06:00