Biz

“The Maestro” Is Worried About The Economy

ALAN GREENSPAN: “WE’RE IN TROUBLE” Former Federal Reserve chairman Alan Greenspan – who in late 2014 admitted that the federal government’s money-printing bonanza didn’t work – has some fresh observations on the status of the U.S. economy. Not good ones, either. “We’re in trouble basically because productivity is dead in…

ALAN GREENSPAN: “WE’RE IN TROUBLE”

Former Federal Reserve chairman Alan Greenspan – who in late 2014 admitted that the federal government’s money-printing bonanza didn’t work – has some fresh observations on the status of the U.S. economy.

Not good ones, either.

“We’re in trouble basically because productivity is dead in the water,” Greenspan said in an interview with Bloomberg’s Tom Keene and Mike McKee. “Real capital investment is way below average.  Why?  Because business people are very uncertain about the future.”

That’s for sure …

As our friend Rick Manning with Americans for Limited Government (ALG) recently noted, even big government admits its economy stinks.

“The U.S. economy has just suffered through the worse ten-year period in terms of economic growth since the Great Depression,” Manning wrote.

Things don’t seem to be getting better, either.  Gross domestic product for the fourth quarter of 2015 expanded at a measly 0.7 percent clip – and the latest jobs data was weaker than expected.

Wages also remain suppressed … serving as a drag on growth.

We’ve been pessimistic on the economy for some time … not because we want to be a “perma-bear” website, but because we believe in going where the data takes us.  Also we’ve been to “rainbows and unicorns” fantasyland – and we’re sure as hell not buying what they’re selling.

If we’ve said it once, we’ve said it a thousand times: America’s economy can be rescued – but doing so will require radical reorientation of the governing philosophy in Washington, D.C.

No more perpetual incentivizing of dependency.  No more status quo deficit spending.  No more crony capitalism (a.k.a corporate welfare).  No more invasive bureaucracy.  No more reckless global interventionism.  No more open borders.  No more secretive central bank “stimuli.”  No more rigged trade deals.

Is that the sort of thing the “Republican” establishment in our nation’s capital is willing to commit to?  No … which is among the reasons the party is melting down before our very eyes.

***

Related posts

Biz

South Carolina Workforce Stalled As Union Threat Rises

Will Folks
Biz

Bidenomics: Inflation Hits 19.5 percent

Will Folks
Biz

Another Boeing Whistleblower Turns Up Dead

Will Folks

17 comments

Flip March 2, 2016 at 12:08 pm

I know what the economy needs, it needs Greenspan’s cold, wrinkly, bony fingers wrapped around its neck again. Who trusts this guy on the economy?

Reply
euwe max March 2, 2016 at 1:55 pm

Ayn Rand, his fuck buddy and mentor must be smiling down from … wait.

Reply
The Colonel (R) March 2, 2016 at 12:30 pm

Is he still alive?!?

Reply
Flip March 2, 2016 at 1:08 pm

Only thanks to Disney animatronics.

Reply
TroubleBaby March 2, 2016 at 2:14 pm

Ayn Rand used to call him “The Mortician”.

lol…that’s a great WWF/E name, reminds me of “Paul Bearer” (RIP)

http://media.philly.com/images/030314_paul-bearer_600.jpg

Me thinks after Greenspan sold his soul to Satan by renouncing a gold standard for the big bucks, that as he nears the end of his life he’s now having second thoughts about the whole thing. The big pile of debt that will eventually end badly is going to ruin what’s left of his reputation after he’s gone and Satan is shoving pineapples up his ass:

http://www.youtube.com/watch?v=42oucm_lj50

Reply
Melissahhaire4 March 3, 2016 at 2:45 am

“my .friend’s mate Is getting 98$. HOURLY. on the internet.”….

two days ago new Mc.Laren. F1 bought after earning 18,512$,,,this was my previous month’s paycheck ,and-a little over, 17k$ Last month ..3-5 h/r of work a days ..with extra open doors & weekly. paychecks.. it’s realy the easiest work I have ever Do.. I Joined This 7 months ago and now making over 87$, p/h.Learn. More right Hereoo!989????? http://GlobalSuperEmploymentVacanciesReportsPay/GetPaid/98$hourly…. .?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:?:::::oo!989…

Reply
Rocky Verdad March 2, 2016 at 2:15 pm

I guess.

Reply
Dice Man March 2, 2016 at 2:06 pm

This ass-hat and his plastic-faced cum bucket partner Andrea Mitchell need to take a powder

Reply
Nathan Hale March 4, 2016 at 11:24 am

Greenspan should have been walked out of the Fed in handcuffs.

Reply
Crooner March 2, 2016 at 2:06 pm

We are a consumer economy, and only the one percent have seen real income gains over the last many years, No one else has enough money to consume with to support the economy. Hell, even Wal Mart is closing stores.

Reply
Rocky Verdad March 2, 2016 at 2:16 pm

You from Crapville?

Reply
Crooner March 2, 2016 at 2:38 pm

If you only knew…

Reply
erneba March 2, 2016 at 2:27 pm

“WE’RE IN TROUBLE”
For most people that is not a revelation, just an affirmation.
We have been on the wrong track, the rich are getting richer, the poor are getting poorer, and the Middle is taking a beating.

Reply
Nathan Hale March 4, 2016 at 11:24 am

But trickle-down works, I tell you!

Reply
9" March 2, 2016 at 4:01 pm

My God! What an awful pick of pic of Ruth Bader Ginsburg!

Reply
Ludwig Von Mises Weeps March 2, 2016 at 4:09 pm

The same guy who was “shocked” in 2008 that Wall Street was made up of a bunch of greedy bastards.

Naive is too kind a word for this senile old fool.

Reply
enpassant March 2, 2016 at 7:27 pm Reply

Leave a Comment