From Reuters yesterday:
MONTREAL (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that he does not expect another "bubble" in world markets for a long time, and that central banks at any rate do not control the long-term interest rates that can be related to bubbles.
Greenspan didn’t see the dot.com and housing bubbles coming, and never admitted that his policies may have played a part in them. It’s unlikely that he’d see any other bubbles forming either- like say in commodities.
This clown has to have the biggest ego the world has ever seen.
A commodity bubble and burst would probably bring about a few smiles.
Earth to Greenspan! I agree with freemonster about the ego, wow! Does he ever pay any attention to anything? His brain and mouth are writing checks his body will never be able to cash…apparently he doesn’t get out much!
I see that Mr. Magoo is still in denial mode.
Human behavior and beliefs never cease to disappoint me. Most seem to have little difficulty formulating beliefs that provide them with comfort. Reminds me of religion, life as an agnostic is frustrating.
Oh Magoo, you’ve done it again!
The likeness is uncanny!
Which one is Magoo, which one is Captain Denial?
http://tinyurl.com/5rgtad
http://tinyurl.com/5vnfwq
NVMike-
Igor gives John and I just a little more leeway in what we can post, so here’s your pictures:
Come on folks, we’ve insulted Mr. Magoo enough.
Freemonster-
You have a point. In spite of Mr. Magoo’s poor vision, whatever he did turned out alright in the end. I don’t think Greenspan is going to have the same luck.
Freemonster-
In fact, here we have Mr. Magoo taking on mortgage fraud:
Go Magoo Go
And here’s Mr. Magoo explaining why he’s completely blameless for the credit and housing bubbles: http://tinyurl.com/4khuch
re: twist’s YouTube post
LOL! That’s *perfect*!
During his tenure as head of the FED, Greenspan was called closed mouthed, tight lipped, Genius and Maestro.
Guess Solomon knew what he was talking about.
Prov. 17:28 Even a fool, when he holdeth his peace, is counted wise: and he that shutteth his lips is esteemed a man of understanding.
Igor says noclue