Started By
Message

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

Posted on 8/9/13 at 1:43 pm to
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89660 posts
Posted on 8/9/13 at 1:43 pm to
quote:

don't think you can plausibly blame Greenspan for lengthy 30-year secular interest rate cycles. He didn't cause the run-up in rates from 1950 to 1980


Fair enough.

quote:

and he didn't cause the run-down in rates from 1980 to now... nor did he cause the immense global deflationary pressures caused by the globalization following the USSR's collapse, with NAFTA, GATT, the WTO & China, the EU/EMU/EFTA, etc.


He was definitely part of this, though. His single-minded focus on depressing interest rates was a mistake. If you don't believe me, listen to him:

LINK

The inability to price risk (or gain a return on relatively stable investments) has driven a good bit of the volatility over the past 6 years.

The labor market is related to this, but they do operate on somewhat independent tracks at times.
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 8/9/13 at 1:47 pm to
quote:

His single-minded focus on depressing interest rates




The link you gave was an article about fin-reg issues, and I don't like the Fed even being involved with all that nonsense anyway.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram