Greenspan suffers symptoms of

Discussion in 'Wall St. News' started by stock_trad3r, Feb 26, 2007.

  1. dementia and senality

    by predicting that the market will head into a recession by 2008

    but even more interesting and indicitive of senality is how he contradicts himself

    he says this:

    “When you get this far away from a recession, invariably forces build up for the next recession, and indeed we are beginning to see that sign,” Mr. Greenspan

    then this

    Mr. Greenspan said that while it would be “very precarious” to try to forecast that far into the future, he could not rule out the possibility of a recession late this year.

    contradiction. Can't even get his story strait.

    Also he is simply wrong. The budget deficit it meaningless. it has been that way for 5 years yet the nasdaqt has almost doubled since then.Earnings are going to continue going up, but at a slower pace. The slight slowdown in growth is already priced in.
  2. Let the guy die in peace you monsters.
  3. dac8555


    i would be willing to bet that he know exactly what the hell he is talking about. He has a few years of experience in rather important positions to back him up.
  4. maxpi


    George Soros predicted the US recession for 2007.
  5. Who's feeling demented and senile now?
  6. 2 demented to even know it
  7. He predicted a rebound last fall.