Amusing persective from longtime market observer Richard Russell:
Russell suspicion (of course, I could be wrong):
"Greenspan continues raising Fed Funds until the housing bubble is close (close
but not there yet) to toppling over. Greenspan leaves office in January. A month
later the stock market keels over. The housing market buckles and consumers cut
WAY back on their spending. A severe recession begins. Greenspan is gone, and
the word is, ‘Lordy, Lordy, if we only had Greenspan back, this wouldn’t be
happening . . . Greenspan, Greenspan, why did you forsake
This is my favorite type of prediction: an offbeat amusing statement that simply rings true. Your mind’s eye can see the entire forecast unfold like a movie.
Happy 81st birthday, Richard Russell!
MarketWatch, 10:23 AM ET July 22, 2005
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.