Are his predictions for the short-term US economy prophetic, pragmatic or paranoid?
2007-03-15 10:56:48 · 3 answers · asked by lesroys 6 in Social Science ➔ Economics
Greenspan, just spooking the greedy hegde funds people a small percent of the investing population. Greenspan comments only affects the 5% of the investors that are greedier than scar face at times. Economy will roll out about 2.3% to 2.0% growth for the year. Housing delusions is just the beginning, but other sectors will pick up, and other investors will buy up subprime hell and resell it for its real value. The goverment has pluge protection team if fincial inistutions go crap so im not worried. Feel sorry, for the working class pees got scewed by a ruthless lender that did not have the ehtics to say, You cant afford taking out a mortgage for this place. Greenspan bring moderation to the implusives of the market hehe.
2007-03-15 20:50:36 · answer #1 · answered by ram456456 5 · 0⤊ 0⤋
self-fulfilling
Things that he says do happen precisely b/c ppl think he is a prophet. B/c if enough people belive market will move in certain way, they'll trade to make money from it, which will move the market that way.
2007-03-15 17:59:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
well he makes it prophetic,,,i do not understand why he has to say anything,,,,,it is like with a small child they fall and you react they will start crying,,,but if you act normal they will not cry ..
2007-03-15 18:05:32 · answer #3 · answered by cmhurley64 6 · 0⤊ 1⤋