Relevant and even prescient commentary on news, politics and the economy.

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The Interest Rate Mystery

…to rise. But no. Last June rates on 30-year fixed mortgages averaged 6.29 percent; now they’re about 5.7 percent. Federal Reserve Chairman Alan Greenspan recently called the declines a “conundrum”….

Charles Krauthammer: What’s in Your Wallet?

…Of course, this pay-as-you-go claim is based on the premise that President Reagan and Alan Greenspan lied to us in 1983. Back then, the stated reason for increasing the payroll…

The Saving Problem

…financial imbalances. Such a transition is probably what Alan Greenspan has had in mind when he has talked about a smooth and natural resolution to the US’s current account deficit….

Silly Statements on Social Security (In)Solvency

…And you’re probably going to have to raise the retirement age. Alan Greenspan has said that several times, that you are going to have to start thinking about working a…

Oil and Interest Rates

…economic growth. Despite what Alan Greenspan says. Kash Update: Now that I look more closely at the data, it’s apparent that the negative relationship between oil prices and interest rates…

…spending. Investors in the US and holders of USD denominated assets are watching what happens with bated breath. They stand to lose a lot of money while Alan Greenspan is…

Corporate Caution

Stephen Roach of Morgan Stanley begs to differ from Alan Greenspan’s optimistic statement last week that the economy is pretty much past the “soft patch” of the May-July period. Consumers…

What’s Up With the Housing Market?

…fastest, and spread from there. By the end of this year housing markets may well be cooling in many parts of the country. What does Alan Greenspan do then? Kash…

Sitting Next to Mrs. Kerry

During the 1993 State of the Union, Alan Greenspan sat next to Mrs. Clinton. A friend asked what does this imply? We now know that the successful economic policies of…

…other spent four years trying to stop it. Yet we agree on one thing. Alan Greenspan should not raise interest rates now or in the near future. …And while growth…