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Greenspan and his miraculous new ability to see problems in the market



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The man who missed the internet bubble bursting, didn't see the growing housing bubble or bad financial lending policies and went along with the massive tax cuts while heading to war, now that he's no longer the Chairman of the Fed, now Greenspan sees trouble ahead and says it in plain English. After years of saying a lot of nothing, Greenspan can't speak out enough about the problems that the economy is facing. It's clear that problems are ahead and a recession could strike due to wild spending by Bush and the Republicans all while cutting taxes and losing track of billions in Iraq. Thanks for finally learning how to be clear when talking about the economy, but maybe it is about 18 1/2 years too late. What a fraud and thanks for nothing. We could have used this kind of clarity a few years ago but I guess he's just cashing in on the speaking circuit for his personal retirement plan.


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