Posts Tagged ‘Alan Greenspan’

Economic Oscillations

Tuesday, 24 June 2008

As I previously noted, in an interview published on 6 April, Greenspan said that there were not many signs that the economy were actually in recession, but declared on 8 April that we were in the throes of a recession.

Well, to-day,

Asked if the U.S. economy was in recession, Greenspan said: We are on the brink.
I doubt that I am alone in wishing that Alan would make up his mind.

(I just hope that I don't find Paul Volcker playing with Neopets at David's Coffee Place to-day; that gives me the willies.)

Uh, what?

Wednesday, 9 April 2008

Alan Greenspan in an interview published on Sunday:

We would have to see signs of this intensification; there are some, but not many yet. Therefore … I would not describe the situation we are in as a recession, although the chances that we'll have one are more than 50 percent.
Alan Greenspan on Tuesday:
Consumers are beginning to shrink in, the automobile markets are beginning to contract, production is beginning to ease, and we are in the throes of recession.
Important new data came-in on Monday? El Pais sat on the interview for some significant period?


Sunday, 6 April 2008

I see that Alan Greenspan has endorsed McCain. Back in January, Volcker endorsed Obama. This leaves no Fed Chairmen to endorse anyone else, as the present Chairman is supposed to stay out of it, and the other guys are dead.

Nobody much cares, but I am not endorsing anyone. I'm especially not endorsing Mike Gravel, who has joined the Libertarian Party and is seeking its nomination, nor the Libertarian Party, who have welcomed him. Mike Gravel has made plain where he stands on the issues, and it's plain that he's not a Libertarian.