NetworkedBlogs on Facebook | The Mess That Greenspan made

Facebook Pages are now supported. Click here for details

The Mess That Greenspan made

Financial Bubbles, Housing, Federal Reserve

Url:	http://themessthatgreenspanmade.blogspot.com/
Author(s):	Pending confirmation. Help us confirm the author.
Language:	English
Tags:	Financial Bubbles, Housing, Federal Reserve
Description:	The purpose of this blog is to help shed light on the underbelly of today's economy and to have a few laughs along the way. It seems that the entire world is being led along by government officials, central bankers, economists, and the mainstream financial media, most of whom seem to have some sort of vested interest in not providing a complete picture of our economy and our financial markets. There are a growing number of individuals who are trying to tell the world that the GDP, CPI, and employment statistics are not what they appear to be - that there is an inherent bias (to put it nicely) in the reporting of our economic condition, and that maybe things are not as others would like for you to believe. It seems most people have not the time, the ability, and the inclination to look past the headline economic statistics, the current issue of their favorite personal finance magazine, or the current market value of their home - they don't smell anything funny. A growing number of writers believe that our economy does smell funny. In fact "smell" isn't really the right word - it's more like a "stench". Primarily, this stench has to do with massive amounts of debt everywhere, out-of-control government finances, the poor quality of job creation in recent years, and most importantly, a stock market bubble that morphed into a housing bubble. Most people do not yet smell the stench - some are just now starting to get a whiff of it. What's up with the name? Clearly, today's economy is a mess. Most people don't realize it yet, but they are beginning to understand that all is not well. Soon, more people will be referring to this economy as a mess. The next question is, "Who made this mess?" While Federal Reserve Chairman Alan Greenspan is not solely responsible for the condition in which we find ourselves, he, more than any other individual, should get the credit or blame for what happens in the world economy in the next few years. Many today believe the coming years will not be pretty - that we will all be living with the mess that Greenspan made for years to come. We'll see.
Ratings	(2 Ratings)
Popularity:	5 Followers

Pull Now | Feed FAQ

Oil and gold contest update #5

This is the final update for the sixth semi-annual "Guess the Price of Oil and Gold" contest prior to a winner being announced next Thursday and it's certainly been an interesting week or two for c...more

2009-12-26

Christmas trees around the world

Enjoy these wonderful Christmas trees - Merry Christmas to all![Note: This came in the mail and, as such, the source is not known. If anyone does know the source, please advise and they will be pro...more

2009-12-25

You better watch out, you better not cry

It won't be long now...

2009-12-24

'Twas the night before Christmas

Image courtesy of Crazy-Jokes.com.

2009-12-24

Gold beats all this decade

From a report earlier in the week comes this Chart of the Day on one of the decade's best investments, a graphic that, in the decade ahead, may help more individuals utter the words "invest" and "g...more

2009-12-24

The Hulbert bottom 10 newsletters

Every year at around this time, the folks at the Hulbert Financial Digest publish their list of the ten best and ten worst newsletters of the hundred or so that they cover as part of a service that...more

2009-12-24

Health care bill passes Senate

It should be interesting to see how the House and Senate health care bills are melded into a single piece of legislation that can be passed in both chambers, but, that's a job for next year.Share p...more

2009-12-24

Friday morning links

TOP STORIESSenate approves broad healthcare overhaul - ReutersCan the U.S. escape a fiscal death spiral? - Washington TimesHow Harry Reid shepherded healthcare reform through the Senate - LA TimesA...more

2009-12-24

California tops list of biggest losers

Residents of the Golden State continue to vote with their feet, at least based on this CNN/Money report on domestic migration where California's net loss leads the nation.

2009-12-23

Lima Home Depot, going once, going twice...

It wasn't too hard to guess a few years ago, back when the housing bubble began to burst, that real estate auction companies like REDC would someday be quite busy trying to liquidate 4BR+2.5BA subu...more

2009-12-23

Displaying 5 followers.