Amazing It's Not Worse

"Bubbles" Alan Greenspan, the core culprit to our economic demise, recently announced that "hyperinflation" is a threat to the economy. From a Floydian contrarian and logical point of view this is proof we will not have hyperinflation. In fact, Floyd is more concerned about the third and fourth quarter 09 for all U.S. companies. The first quarter corporations were able to do huge write offs to their bubble induced mistakes and acquisitions, and the second quarter still has plenty of games that can be played in financials.
A small child can figure out that with unemployment at 9.5% and the true unemployment at over 20%, and a savings rate that has risen to 6.9%, that there is less money being spent.

This is deflation. Bubbles Greenspan is a free entreprise boy, that trained under Ayn Rand.

Want the detail of why "Bubbles" led many Presidents through the "good times" as he lowered interest rates, and promoted "creative mortgaging", and was not able to slow any bubble......simply pay Alan $100k for his speeches and he'll tell you his side. It's why he's talking hyperinflation now?

How can he talk about what he "did". ; - )

Study up. Here's how our economic crisis began, long ago.

http://www.nonfamous.com/wp/2008/10/23/alan-greenspan-is-an-idiot/

http://www.huffingtonpost.com/2008/10/24/greenspan-shrugged-how-di_n_137465.html

http://www.nytimes.com/2007/09/15/business/15atlas.html

http://www.commondreams.org/views/041800-106.htm

And as we know now, Clinton took advantage of the bubble economics to "look good" and "balance the budget". In came Emperor George and Shooter Cheney, and the neocons took over, influenced by Goldman Sachs, as they allowed oil to become a speculators game, stopped even watching Wall Street (their buddies getting rich, right up to Paulson's bail out to his friends before exit), and oh yeah, Iraq. Getting rid of the evil ones.

It's almost amazing it's not worse, isn't it?