Greenspan: 2.5% growth possible in 3Q

That would be awful! What would happen to everyone waiting for "the crash"?

the go-to man for all your economic prognostications. i'd put our economic future in his hands, any day. wait...we did that already.

I always thought Greenspan was an idiot but had no idea how big an idiot he was/is. EZ-AL was nothing more then a snake oil salesman that promised great things and delivered misery. The collapse of the U.S. financial system can be directly tied to Greenspan through his not having a clue as to what he was doing while the head of the Federal Reserve. Perhaps now the U.S. is entering into the largest financial disaster since the Great Depression, citizens will come to realize that Alan Greenspan was a major contributor through his mismanagement of the supply/cost of money. In Congressional testimony he admitted it wasn't "possible to manage something" you couldn't define. This admission from the Chairman of the Federal Reserve Bank of the United States!!!!!!

"the go-to man for all your economic prognostications. i'd put our economic future in his hands, any day. wait...we did that already."

beat me to it.

Who?

Our economic growth is now constrained by the Chinese' willingness to buy treasuries to fund our stimulous plans. Maybe we can send Obama over there to shake some hands and get GDP up to 5% next year.

Keep in mind, Ayn Rand was HIS sugar daddy. Oh, I mean, she was his "mentor". And even she stopped taking his calls after last year's congressional testimony: Um, I found a flaw.

The good thing about the mid-century phenomenon of including all these narcissistic women in the conservative movement is that a man like Greenspan had finally figured out a way that he could sleep his way to the top without having to go through Buckley.

“Something tells us,” Dave Rosenberg sighs, “that the marginal buyer of equities today at that price may well be the same person who was loading up on real estate during the summer of ‘06.”

And today, after a 45% rise, the metrics, to dip into the Street cliché, are positively mind-boggling. The dividend yield on the S&P 500, Dave notes, is a meager 2¾%, and payouts so far this year have lagged some 32% behind last year’s not-exactly-torrid pace.

In a like astounding vein, he observes, the trailing P/E on operating earnings (adjusted, he explains, “to take out everything that is bad”) is now at 24 times, while — and if you have a queasy stomach you can skip this number — on trailing reported earnings, the multiple is a mere 760-plus!

Wait, everyone here loves Gross and Pimco. Then ask yourself this, why did Pimco hire Greenspan as a consultant?

How bout helping them make billions, the old fool is smarter than you think. He's on the road to fixing his tarnished name.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a1c7Ck736daM&refer=home

"May 21 (Bloomberg) -- Alan Greenspan, the former Federal Reserve chairman, has helped Pacific Investment Management Co. make ``billions of dollars'' in his role as a consultant, said Bill Gross, the bond manager's co-chief investment officer. "

> That would be awful! What would happen to everyone waiting for "the crash"?

Uh, dude, seriously.... you read the news or anything?
What do you mean "waiting" for the crash?

WE ALREADY HAVE IT.

Stock market crash, RE market crash, and already the longest and deepest recession since the depression.

Exactly where are you getting your news from?

Or are you talking about your china?