Posts filed under “UnGuru”


A musical econoparody of the Smith/Bernard song “Winter Wonderland,” about the legacy of Alan Greenspan and today’s GOP.

Amazingly, it is from Dec 2008

Hat tip naked capitalism

Parody Lyrics: MARCY SHAFFER
Music Director: GREG HILFMAN

For the text of the parody lyrics:

For the complete collection of VERSUS political musical parodies, visit us at

Category: Humor, UnGuru, Video

Happy Anniversary, Irrational Exuberance

Today is the 15th anniversary of the infamous “irrational exuberance” speech by former Fed Chief Alan Greenspan (see below). Here is the key excerpt from the speech (note the unintentionally ironic title): The Challenge of Central Banking in a Democratic Society Remarks by Chairman Alan Greenspan At the Annual Dinner and Francis Boyer Lecture of…Read More

Category: Federal Reserve, Investing, Markets, Really, really bad calls, UnGuru

Dissecting the big lie about the economic crisis

> My Sunday Business Washington Post column is out. This morning, we look at part II of the Big Lie (Part I examined the actual factors that led to the crisis) in this part, we look at the data and factors that disprove the elements of the Big Lie. The print version had the full…Read More

Category: Politics, Really, really bad calls, UnGuru

The Big Lie (Previews & Edits)

Whenever I go off on a rant when writing some critical polemic screed, I try not to edit myself. Just get it all out in print, and we can worry about editing down for style and clarity later. That works especially well if you, as a writer, have a some idea of where you want…Read More

Category: Bailouts, Really, really bad calls, UnGuru, UnScience

QOTD: Alan Greenspan on Moral Hazard

The ever ironic former Fed Chairman Alan Greenspan on whether government intervention can create moral hazard: “There were unintended consequences to almost every action I was involved in” as Fed chairman, said Mr. Greenspan, who himself cut interest rates to help stave off a bond-market crisis in 1998, and later was accused of helping inflate…Read More

Category: Federal Reserve, Really, really bad calls, UnGuru

Wall Street Strategists Are (Surprise!) Bullish

File this one under Duh! The cover story in Barron’s looks at some of the usual denizen’s of the Street’s biggest shops. They are, as is their wont, bullish and long and not particularly concerned about a recession (Its priced in!) or another leg down in Housing (its cheap!) or the market’s technical signals (we’re…Read More

Category: Investing, UnGuru

Investors: Think For Yourselves

What is it about these four Bloomberg headlines that are imparting some sort of a lesson? • May 23, 2011: Biggs Buying as S&P 500 Profit Forecasts Rise Most in a Year • May 24, 2011:  Biggs Says Stock Bears Wrong Even as Economy Slows • Aug 3, 2011: Birinyi, Biggs Advise Holding Stocks After…Read More

Category: Really, really bad calls, UnGuru