Personally, I think it's wrong for the former Fed Chairman to rock the markets with his public musings - he has to be making it hard for Bernanke. The old coot had his moment in the sun; now he should restrain his ego and let Ben have a shot at keeping things on track.
2007-03-15 08:13:43 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Yea he should be quiet for a while because he should realize he still has the ability to move markets. This is ridiculous. Everyday he says something else. Now he says a 10% increase in house prices will end the subprime worries. No kidding, wouldn't that be nice? I don't know what he is smoking. It might be the book he is comming out with.
2007-03-15 10:22:20 · answer #1 · answered by yerp85 2 · 0⤊ 0⤋
It used to be the custom for those leaving positions of power to keep out of the limelight for a time. This has been ignored by politicians for the past few years and apparently now also by Greenspan. He was so effective in his tenure that his voice still carries considerable weight. Now he does not have the political constraints that he did while in office. He should exercise the same judiciousness in his choice of words now as he did as the head of the Fed. Bernanke had a rocky start with conflicting speeches from various bank heads but has settled in fairly well now.
2007-03-15 14:14:22 · answer #2 · answered by gatzap 5 · 0⤊ 0⤋
That old coot is probably the single most influential individual concerning American domestic economic policy - arguably topping Bernanke.
I suppose you didn't like his recession warnings which caused the market to dip. Deal with it. He's a private citizen and is entitled to his opinion. Of course, after 20 years heading the Fed and a long and distinguished economics career, his opinions matter - unlike ours.
Stop whining and show a little respect.
2007-03-15 08:47:11 · answer #3 · answered by jw 4 · 2⤊ 0⤋
No, the more information and opinions I can get, then the better. Anyway, nobody really knows if Greenspan is influencing the market. There are so many other factors like the carry trade, liquidity needs and so, so, so many other factors.
2007-03-15 12:08:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In my list of all the people who should shut up, Greenspan is pretty far down near the bottom. Ann Coulter, however, is pretty near the top.
2007-03-15 08:44:17 · answer #5 · answered by BosCFA 5 · 0⤊ 0⤋
Hmmmmm. Should someone who is regarded as one of the most knowledgable economists in the world keep his opinions to himself?
Uh, NO!!!!!!!!!!!!!!!!!!!!!!!!!
2007-03-15 09:56:01 · answer #6 · answered by Ranto 7 · 0⤊ 0⤋
I agree I always hated that dick He just likes to screw every thing up.
2007-03-15 14:04:54 · answer #7 · answered by franksprung 3 · 0⤊ 1⤋