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Message
"Alan Greenspan Blasts Trump's Tariffs as "Insane"" Bloomberg
Posted on 11/15/18 at 10:45 am
Posted on 11/15/18 at 10:45 am
I doubt the Trumpkins have any respect for the once Ayn Rand following Greenspan. Most don't even know who he is.
He was, arguably perhaps, the most well respected Fed chairman in history. He has seen a lot at age 92 and we should listen to his advice even today.
LINK
Trump needs a win quick on the tariffs or they will be hanging around his neck this time next year. He really can't be serious about the imposition of the tariffs he is threatening in January. I heard this week he is threatening a 25% auto tariff that even the car makers oppose.
I hope Xi gives him something at the G20 and I hope Ross and the steel guys get slapped back by Trump in the deal with Canada and Mexico. It's a shame one industry like steel can hold up such a deal. What is really scary is that Ross is so determined to protect his investments in and friends in the steel industry that he is rumored to be trying to pull a fast one on Trump by suggesting quotas instead of tariffs with the Mexicans and the Canadians. It would almost be a deal like sugar.
He was, arguably perhaps, the most well respected Fed chairman in history. He has seen a lot at age 92 and we should listen to his advice even today.
LINK
quote:
Former Federal Reserve Chairman Alan Greenspan called President Donald Trump’s tariff policies “insane” and said “why we’re doing it probably is very deep in the psyche of somebody.”
Responding to a question about China at an event at New York University on Wednesday, he said both sides lose out in such a clash.
“There are victors and there are losers in a tariff fight,” Greenspan said. “But that doesn’t say that a more important issue is both are losing, it’s just the winner loses less.”
Trump needs a win quick on the tariffs or they will be hanging around his neck this time next year. He really can't be serious about the imposition of the tariffs he is threatening in January. I heard this week he is threatening a 25% auto tariff that even the car makers oppose.
I hope Xi gives him something at the G20 and I hope Ross and the steel guys get slapped back by Trump in the deal with Canada and Mexico. It's a shame one industry like steel can hold up such a deal. What is really scary is that Ross is so determined to protect his investments in and friends in the steel industry that he is rumored to be trying to pull a fast one on Trump by suggesting quotas instead of tariffs with the Mexicans and the Canadians. It would almost be a deal like sugar.
23
Posted on 11/15/18 at 10:46 am to I B Freeman
He married Andrea Mitchell and once he did that all of his credibility went out the window.
Posted on 11/15/18 at 10:46 am to I B Freeman
He is/was a Globalist. Of course he isn't going to like anything that is America First 
Posted on 11/15/18 at 10:46 am to I B Freeman
His wife seems to be basically a socialist. That seems odd to me, at best.
Posted on 11/15/18 at 10:48 am to I B Freeman
What’s “insane” is he didn’t see the housing bubble coming.
Posted on 11/15/18 at 10:48 am to I B Freeman
Every fricking day, I want the tariffs to go away just so your pie hole will shut up and you can go back to importing lead laced shite from China.
Posted on 11/15/18 at 10:50 am to I B Freeman
Greenspan was right about getting an Option Arm Mortgage but that's about it
Posted on 11/15/18 at 10:51 am to I B Freeman
quote:
He was, arguably perhaps, the most well respected Fed chairman in history.
Yeah - that is very much arguable.
Posted on 11/15/18 at 10:53 am to I B Freeman
quote:
Alan Greenspan made a giant policy mistake 25 years ago that has left main street households buried in debt and stranded with a simultaneous plague of stagnant real incomes and uncompetitively high nominal wages.
quote:
Alan Greenspan was more interested in being the toast of Washington than he was in adhering to his lifelong convictions about the requisites of sound money.
quote:
It resulted in the hollowing-out of the American economy because it prevented American capitalism from adjusting to the tsunami of cheap manufactured goods coming out of China and its east Asian supply chain.
Business Insider - Greenspan was wrong 30 years ago and he is still wrong today
Posted on 11/15/18 at 10:54 am to I B Freeman
quote:
President Donald Trump’s tariff policies “insane” and said “why we’re doing it probably is very deep in the psyche of somebody.”
Such deep reasoning.
Not emotional at all.
A very well informed opinion.
Based on solid data.
Will meet and exceed all professional peer reviewed criticism.
Posted on 11/15/18 at 10:54 am to I B Freeman
Isn’t he the Zionist that thinks the only way grow economically was to set the Fed at 0%?
Posted on 11/15/18 at 10:55 am to I B Freeman
quote:
Ross is so determined to protect his investments in and friends in the steel industry that he is rumored to be trying to pull a fast one on Trump by suggesting quotas instead of tariffs with the Mexicans and the Canadians.
Still on that are we?
Posted on 11/15/18 at 10:55 am to I B Freeman
quote:
He was, arguably perhaps, the most well respected Fed chairman in history. He has seen a lot at age 92 and we should listen to his advice even today.
He sucked.
Posted on 11/15/18 at 10:58 am to I B Freeman
Posted on 11/15/18 at 10:59 am to I B Freeman
Wow Alan Greenspan is a Globalist who doesn't care about American workers. This is my shocked face.
Posted on 11/15/18 at 11:21 am to I B Freeman
Yes, we are clearly much better off just carrying on getting bent over by everybody else in the world. Maybe both lose...but when you are the one who has been getting raped for years by your 'allies', I guess doing something to try and level the field is better than doing nothing. Or, when you punch back and hit the opponent in the pocket, maybe they will see that it isn't lucrative to not play fairly anymore. Sometimes tariff wars are necessary unless you are content to just getting screwed to death.
Posted on 11/15/18 at 11:36 am to I B Freeman
Greenspan was the Fed Chairman that presided over, and helped facilitate the move of American manufacturing to China, taking advantage of their slave labor to undercut American companies.
Look dude, your advocacy for the ever increasing expansion and power of China comes with baggage that you refuse to acknowledge or address.
China is a communist, socialist nation. Their purpose on this earth is to dominate first their people, then their region, then their hemisphere, then the globe. They make no secret of this, nor do they make a secret of their military expansion and buildup, expanding their influence and hegemony bit by bit, every day.
To what end? What happens when there is real conflict between the US and China? Are you really willing to sell America down the river for a few shekels, when doing so will almost certainly mean collapse and revolution once we are so dependent on China and their slave labor that we no longer produce anything? Do you really want our society and economic system to be at the whim of a communist/socialist nation that is openly strategizing not only our, but world domination? What the frick is wrong with you?
Look dude, your advocacy for the ever increasing expansion and power of China comes with baggage that you refuse to acknowledge or address.
China is a communist, socialist nation. Their purpose on this earth is to dominate first their people, then their region, then their hemisphere, then the globe. They make no secret of this, nor do they make a secret of their military expansion and buildup, expanding their influence and hegemony bit by bit, every day.
To what end? What happens when there is real conflict between the US and China? Are you really willing to sell America down the river for a few shekels, when doing so will almost certainly mean collapse and revolution once we are so dependent on China and their slave labor that we no longer produce anything? Do you really want our society and economic system to be at the whim of a communist/socialist nation that is openly strategizing not only our, but world domination? What the frick is wrong with you?
Posted on 11/15/18 at 11:36 am to I B Freeman
yeah, and trump has his sheep believing they got a tax cut. we shall see if the tax code changes fulfill that politically motivated sham.
Posted on 11/15/18 at 11:40 am to I B Freeman
Taxes are insane.
Posted on 11/15/18 at 11:42 am to I B Freeman
quote:
doubt the Trumpkins have any respect for the once Ayn Rand following Greenspan. Most don't even know who he is.
Sweet broad generalization, bro.
quote:
He has seen a lot at age 92
So has my grandfather. I wouldn't trust him to plan lunch much less comment on geopolitical economics.
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