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Guest
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 Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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eight wrote
Everything is throw away including people if you watch enough tv.
LK
Sorry to say, but you are right.
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millstox
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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Blash <blash1@comcast.net> wrote:
| Quote: | in article 1131495801.279499.310080@g44g2000cwa.googlegroups.com, beebs at
beebs79@softhome.net wrote on 11/8/05 7:23 PM:
Greenspan Legacy
Alan took office on August 11, 1987.
When he took charge, outstanding consumer credit
was $672.2 billion. Now it is $2,147.4 billion
Household credit market debt was $2,711.54 billion,
and now it's $10,764.54
Domestic no-financial business debt was $1,974.1 billion,
and now it's $5,269.4 billion
Interest and currency derivatives was $865 billion, and
now it's $201.413 billion. (trillion?)
M3 was $3620.160 billion, and now it's $9976.729 billion
The trade deficit was $150.7 billion, and now it's $756.8 billion.
Foreign owned US assets were $1.7 trillion, and now it's $11.5
trillion.
==
OK....you got your whining off your chest....
Now.....what would YOU have done differently???
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Face the music and help deal with the repercussions instead of
delaying them until the next guy's watch. You can't make it all
better with debt forever. |
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millstox
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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Blash <blash1@comcast.net> wrote:
| Quote: | millstox writes:
Face the music and help deal with the repercussions instead of
delaying them until the next guy's watch. You can't make it all
better with debt forever.
OK.....a new face in Feb......what do you think he should do with the
Fed Funds rate???(that's about all the Fed controls)......
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Make debt very, very expensive. What's the highest the fed funds rate
has been in the past 50 years? Add a percent to that. Slam it. Of
course the bankruptcy laws have changed, too bad. Of course any major
change would send the economy down the toilet, well it's a matter of
speed anyway, might as well get it over with before China buys the
rest of the country.
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Blash
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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in article jos3n1h61hu0f4reol07oegd0lkk9v60kq@4ax.com, millstox at
nomail@noplace.nowhere wrote on 11/9/05 8:05 AM:
| Quote: | Make debt very, very expensive. What's the highest the fed funds rate
has been in the past 50 years?
~19% in 1981 |
| Quote: | Add a percent to that. Slam it. Of
course the bankruptcy laws have changed, too bad. Of course any major
change would send the economy down the toilet, well it's a matter of
speed anyway, might as well get it over with before China buys the
rest of the country.
So, no matter what you do, there's always going to be somebody |
whining...... |
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millstox
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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Blash <blash1@comcast.net> wrote:
| Quote: | So, no matter what you do, there's always going to be somebody
whining......
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That's why we have the phrases "Would you like some cheese with that
whine?" and "Shaddap ya fuggin whiner!". |
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Bruno R
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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| Quote: | Interest and currency derivatives was $865 billion, and
now it's $201.413 billion. (trillion?)
If you are so unsure of your figures that the uncertainty involves 3 orders
of magnitude, why even bother to open your mouth?
Why waste our time with what we cannot change in the first place? |
We can always buy and/or sell with the money they were shuffling
at us. We have NO influence about what any Central Bank does. |
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Blash
Guest
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| Posted:
Wed Nov 09, 2005 5:00 pm Post subject:
Re: What hath Greenspan Wrought? |
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millstox writes:
| Quote: | Face the music and help deal with the repercussions instead of
delaying them until the next guy's watch. You can't make it all
better with debt forever.
|
OK.....a new face in Feb......what do you think he should do with the
Fed Funds rate???(that's about all the Fed controls)...... |
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Roedy Green
Guest
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| Posted:
Wed Nov 09, 2005 5:01 pm Post subject:
Re: What hath Greenspan Wrought? |
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On 8 Nov 2005 16:23:21 -0800, "beebs" <beebs79@softhome.net> wrote,
quoted or indirectly quoted someone who said :
| Quote: | Greenspan Legacy
Alan took office on August 11, 1987.
When he took charge, outstanding consumer credit
was $672.2 billion. Now it is $2,147.4 billion
Household credit market debt was $2,711.54 billion,
and now it's $10,764.54
Domestic no-financial business debt was $1,974.1 billion,
and now it's $5,269.4 billion
Interest and currency derivatives was $865 billion, and
now it's $201.413 billion. (trillion?)
M3 was $3620.160 billion, and now it's $9976.729 billion
The trade deficit was $150.7 billion, and now it's $756.8 billion.
Foreign owned US assets were $1.7 trillion, and now it's $11.5
trillion.
==
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Now tell us the numbers the day Bush took office.
--
Canadian Mind Products, Roedy Green.
http://mindprod.com Java custom programming, consulting and coaching. |
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Don S
Guest
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| Posted:
Thu Nov 10, 2005 1:01 am Post subject:
Re: What hath Greenspan Wrought? |
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Lawyerkill@aol.com wrote:
| Quote: | LK
I have no problem with Greenspan, I have a problem with him getting the
Metal of Freedom today. Ali was also given it, how can you compare the
two. Ali stood up against a war he didn't believe in, he lost his
income because of his actions, he risked his freedom. Geez, how do you
compare the two.
Ah yes, a fighter that was afraid to fight and a man that did his best |
to help his country, my yes how do you compare the two. |
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Guest
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| Posted:
Thu Nov 10, 2005 1:01 am Post subject:
Re: What hath Greenspan Wrought? |
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LK
I have no problem with Greenspan, I have a problem with him getting the
Metal of Freedom today. Ali was also given it, how can you compare the
two. Ali stood up against a war he didn't believe in, he lost his
income because of his actions, he risked his freedom. Geez, how do you
compare the two. |
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Guest
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| Posted:
Thu Nov 10, 2005 7:28 am Post subject:
Re: What hath Greenspan Wrought? |
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Don S
Ah yes, a fighter that was afraid to fight and a man that did his best
to help his country, my yes how do you compare the two.
LK
Ali fought the US Government, and won I might add. |
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Hugh Candlin
Guest
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| Posted:
Fri Nov 11, 2005 12:48 am Post subject:
Re: What hath Greenspan Wrought? |
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<Lawyerkill@aol.com> wrote in message
news:1131581114.809345.31440@g47g2000cwa.googlegroups.com...
| Quote: | LK
I have no problem with Greenspan, I have a problem with him getting the
Metal of Freedom today. Ali was also given it, how can you compare the
two. Ali stood up against a war he didn't believe in, he lost his
income because of his actions, he risked his freedom. Geez, how do you
compare the two.
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One looks like he lost an argument with a baseball bat.
The other was a boxer. |
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