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davidhpc

Former Federal Reserve Governor Alan Greenspan Admits Mistakes

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Former Federal Reserve governor Alan Greenspan, a man who is often blamed for causing the worst financial crisis since the Great Depression, has admitted making mistakes.

Speaking to the BBC, he says he misjudged the bankers, and has a warning of the way the crisis is being handled now.

Katty Kay reports.

http://news.bbc.co.uk/1/hi/business/10565060.stm

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2 minutes and 48 seconds that everyone should watch.

Either Greenspan has gone renegade, or there is some serious re-anchoring going on there.

Not the first time he has admitted to his "one critical mistake" though IMS.

They're lining up for inflation - to take the dollar and the empire... down.

Not for 5 years at least though. Between now than then the US could look great in comparison with everywhere else.

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When he was younger he said wanted to be Fed Chairman during a Kondratieff winter. Since he was getting too old for that I guess he thought the next best thing was to make sure that a K-winter came about.

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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