Posts filed under “Economy”

Quote of the Day

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!
Peter Brimelow
MarketWatch, 10:23 AM ET July 22, 2005

Category: Economy, Markets, Psychology, Real Estate

Wages & Personal Income

Category: Economy

Housing is Dominating Economic Activity, part 3

Category: Economy, Real Estate

U.S. dominance in science and engineering at risk

Category: Economy, Science

Atypical Business Cycle Recovery

Category: Economy, Markets

Federal Reserve Responsibilities Outsourced to China

Category: Currency, Economy, Fixed Income/Interest Rates, Politics, Real Estate

Careful What You Wish For . . .

Category: Currency, Economy

More Greenspan Today

Category: Economy

Will the US Economy Become a Victim of the Iraq War?

Category: Economy, War/Defense

Earnings & Reactions

Category: Economy