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Reader comment on:
Fed Scrambles To See Greenspan's Scathing Critique of U.S. Economy

Submitted by Mark Bower, Sep 17, 2007 11:31

Especially this part

"Mr. Greenspan says that out of office, watching the deficit mount, the housing market boom, the economy slow, and the stock market falter, he has felt like Cassandra. "

Three out of four are false. Since bernanke was sworn in Feb 1:

The housing market has clearly peaked judged by home sales figures or the case-shiller price index
The Federal deficit as a percent of GDP is down to 1.5% vs 2.4%
The S&P 500 is up 15%
The only part he is right on is that Q405 GDP was 2.9% and the most recent figure was 1.9% y/y

As always with Alan, he doesn't let the facts get in the way of playing politics and image protection.

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Other reader comments on this article

Comment	By	Date
"Lots, and none at all." That is what Bilbo Baggins told the troll who asked him if there were any... [MORE]	John Spencer Yantiss	Sep 17, 2007 14:28
Come on Alan who you kidding here. You and I know the real problem is corporate greed squeezing every dime... [MORE]	Jim Wiegand	Sep 17, 2007 11:37
Especially this part "Mr. Greenspan says that out of office, watching the deficit mount, the housing market boom, the economy slow,...	Mark Bower	Sep 17, 2007 11:31
The exploitation of third-world economies for cheap labor has nearly run its course. Japan and Korea long ago demanded fair... [MORE]	Mark F	Sep 17, 2007 09:49
Alan Greenspan looks at the economic system from the top down, but most of us look at the economic system... [MORE]	Thomas Melillo	Sep 17, 2007 09:29
Perhaps Mr. Greenspan's respect of the independence of the Fed should have been eclipsed by his good sense and respect... [MORE]	Jim	Sep 17, 2007 02:10
I have a B.S. in Business Admin-Finance. I was a stockbroker during the 21 percent prime days of Vocker/Carter. In... [MORE]	Tim	Sep 17, 2007 01:53
Barack Obama will be a great President of the United States of America. He will instill an ethical compass into... [MORE]	DOUGLAS JOHN BOBB	Sep 17, 2007 01:41

Reader comment on:Fed Scrambles To See Greenspan's Scathing Critique of U.S. Economy

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Fed Scrambles To See Greenspan's Scathing Critique of U.S. Economy