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Greenspan is a God and can do no wrong. And the US economy is growing. And the eurozone is stagnant. and profits are up. etc....

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Dec 1st, 2005 at 07:16:47 AM EST
[ Parent ]
I mean, I didn't realize that Greenspan cut the interest rates by 4.5% over a year. No wonder there was a remortgaging boom!

No wonder it jumstarted the economy and forestalled a recession.

The problem is that, 4 years later, he's increased the interest rates by 2.5% over 18 months. Ouch...


guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Thu Dec 1st, 2005 at 07:24:35 AM EST
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