Greenspan says US interest rates going to double digits

Quote from stock_trad3r:

Remember when the senile greenspan predicted a 1/3 chance of a recession in Feb 26th 2007? What ever happened to that?
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y, somehow greenspan is always popping out once in a while to make some 2 cts comment, i think he sh "retire" gracefully
 
Quote from nitro:

Inflation inflates $1 to .05 approximately every forty years. 5% of $400k is approximately $28k, plus or minus noise.

nitro
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that's not true. in 40 years inflation inflated 1$ to 0.20

Housing was affordable in 60s. One person could easily pay mortgage and have his wife and 5 children at home

Now 1 chid or not at all, both have to work and still can't buy 400K house
 
Quote from kashirin:

that's not true. in 40 years inflation inflated 1$ to 0.20

Housing was affordable in 60s. One person could easily pay mortgage and have his wife and 5 children at home

Now 1 chid or not at all, both have to work and still can't buy 400K house
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agree, your life now is worst off than the cave man's !
 
What ever may be the case, we really need to give credit to Mr. Greenspan credit, for he spoke his mind, he spoke what he himself believed in. These are the people who really matter and we need more people like them to in public service who shall speak what they believe in.

However and unfortunately the problem here is that every stock bubble and now the housing bubble will end in recession.
 
Quote from luckyluciano:

who do u think controls the government...not the electorate!!
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Lots of folks think "corporations control government". I don't buy that.

It's "government at the expense of the people". They are plenty criminally dishonest and larcenous all on their own.

We had a Revolution 230 years ago to get King George off our backs. We need another one now to get US Gummint off our backs! (Is there irony?... King George, George Bush? Our mess isn't ALL his fault though.. he's just the latest in a lonnnng line of liars and thieves.)
 
Quote from dtan1e:

agree, your life now is worst off than the cave man's !
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That's spot on, have you priced a cave recently?

I think they call them "bed-sits' or "apartments" now, only your not allowed to spear anyone who comes to the door, or hunt wildlife in the surrounding wilderness.

Total rip off.:mad:

Edit-Greenspan never speared a bison, or a wisent in his life, what does he know.
 
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