Just dug this one up- http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html Now what?
"But these increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households." the increases reflected a massive liquidity bubble that pushed risk taking to extreme levels. they could put this stuff on the comedy network
He shouldn't really be allowed out without his schoolteacher Mom, not with horrid bankers bullying him to lower interst rates so they can avoid insolvency at the expense of the Nation. If he continues to talk out of his @rse with statements like that and his"contained" buffoonery/lie then his memoirs should be called 'The age of Flatulence", or on a serious note, 'The Age of Incompetence' - the story of an academic buffoon fiddling with his models while the markets burned. Greenseniles book should have been called 'The [old] Age of the Fed Chairman" The man who said you couldn't stop bubbles happening - actually you could stop them happening by not taking interest rates to 1% and then keeping them there for a year.
Just goes to show either: 1. He's a TOTAL TWIT and has no business holding that job, or 2. He's a BIG FAT LIAR... just "playing ball" as promised to get the job he pleaded for. Could be both, too.