STFU Greenspan

Sept. 30 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said he sees the U.S. economy slowing next year as the surge in stocks comes to an end.

“The odds are we flatten out,” Greenspan said today in a Bloomberg television interview, referring to the equity market. “That flattening out will put some sort of dull face on 2010.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYfAUuZRL3z4

 

Lame. GTFO.

 

“The odds are we flatten out,”

Being a tad flip in his old age.

 

Maestro of the Economy, circa 2000 old Greenshits himself just can't go out gracefully can he?

 

If we flatten out I would view that as a miracle. We are back to see no evil hear no evil mode.

Unemployment will keep rising, the housing market has started to flatten out and has not bottomed out yet. The dollar is about to become a reserve currency for the bottom of your child's hamster cage and our dear president doesn't know what the f he is doing. On top of it now the idea of a VAT tax is being kicked around.

Besides that everything is fine.

 

Oct. 1 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the U.S. will have to both tighten credit and raise taxes as the economy pulls out of the worst recession since the 1930s.

“The presumption that we’re going to be able to resolve this without significant increases in taxes is unrealistic,” Greenspan, 83, said in an interview with Bloomberg Television yesterday.

http://www.bloomberg.com/apps/news?pid=20601109&sid=alr0DjFElPEE