Yesterday Greenspan raised short-term interest rates by 0.25%. He essentially gave a two-part justification for this move. First, the Fed announcement said that the economy is still doing pretty well:…

Krugman on Greenspan’s Remarks In today’s NYTimes column, Paul Krugman has some things to say about Greenspan’s shockingly partisan testimony on Capitol Hill last week. The most interesting parts of…

Not sure what’s going on The Washington Post: Greenspan No ‘Major Evidence’ of Growth; Reiterates Concern Over the Threat of Deflation The NYT: Greenspan Sees Possible Turnaround in U.S. Economy…

…it high enough to be considered financial repression? The line went negative in 2000. Was Greenspan slowing down the economy for the presidential election? The line then went positive in…

…and accounted for over 2% in 2005 – and I got this from Greenspan and Kennedy, Table 2.” In my estimation, this implies that the collapse of the housing bubble…

…nation and the world from plunging into a depression, Greenspan will not admit his turning a blind eye to Derivatives, telling the world to look elsewhere to invest, and keeping…

…the CBO was still showing a high inflationary gap (real GDP more than potential). Greenspan saw the inflationary gap, saw inflation rising in 2000, expected more inflation and raised the…

…Low and behold, the Fed will whack consumers, the peasants of the economy. This is not unusual, Volcker did it as did Greenspan. Main Street paid for Wall Street in…

Have not done this in a while, maybe a long while. It was late 1996 and Participation Rate was up at 67%. It stayed up there till 2001 and Greenspan…

…Watching Greenspan scramble by bring down the Fed Rate (2000?) was interesting and maybe funny. Greenspan went too far. The unemployed numbers are slowly creeping up. This Labor Demand increase…