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re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

Posted on 8/9/13 at 1:25 pm to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89775 posts
Posted on 8/9/13 at 1:25 pm to
quote:

Well at least he can say that the discount rate was at 5.5% when he left in 2006.


That was a long time ago - but his policies will have effects for at least another 10 to 15 years, and residually for 30 or so.
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 8/9/13 at 1:30 pm to
I thought he made a mistake in 2002 & 2003 and I said so at the time, but I have always defended him as a guy who took an absurd amount of shite for things that weren't at all his fault.

I guess it's an old dead horse debate for another thread, but seriously, Greenspan's policies have very, very little to do with our current problems.
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