Alan Greenspan Archive

Connecting the dots- deficit reduction is now only about inflation, not insolvency

From comments by Warren Buffet to Alan Greenspan, And from all the responses to the S&P downgrade by economists and financial professionals from the four corners of the world, THE WORD IS OUT! The US government is the issuer of the US dollar. So no matter how large the federal deficit might ...Read More

Maybe Greenspan has finally read Soft Currency Economics?

>    >   (email exchange) >    >   On Fri, Oct 8, 2010 at 9:28 AM, Eileen wrote: >    >   Greenspan comments from last night. Of course, he hasn’t said that loans create deposits, >   but he’s finally acknowledging excess reserves. Reported by BBG TV: >    >   “If you add to excess reserves and they just sit there, you’ve ...Read More

Greenspan in WSJ: U.S. Debt and the Greece Analogy

History will not be kind to the former Fed Chairman with regard to his understanding of monetary operations. He understands solvency is not an issues which does seem to put him ahead of most. But he lacks a critical understanding of interest rate determination, particularly with regard to how the entire term ...Read More

Housing starts and 10 year tsy rates

[Skip to the end] Interesting how high housing starts were when interest rates were a lot higher than they are now. And if you ‘population adjust’ the housing starts the ‘Greenspan super bubble’ fell far short of previous highs, even with much higher mtg rates back then. (add about 2% to the ...Read More

Geenspan Comments

[Skip to the end] Yes, in case you thought the former Chairman understood monetary operations and reserve accounting >    >   (email exchange) >    >    On Fri, Oct 9, 2009 at 3:15 PM, Roger wrote: >    >   You can’t make up stuff like this! Reuters: Greenspan >   says Fed balance sheet an inflation risk “You cannot ...Read More

Greenspan sees early signs of U.S. stagflation

Agree, if food/crude/import&export prices keep rising, there will be serious fireworks between congress and the fed. This will include blaming the fed for the high gasoline prices, for example. Greenspan sees early signs of U.S. stagflation U.S. economy is showing early signs of stagflation as growth threatens to stall while food and ...Read More