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First, the guy admits he screwed things up badly so I have no idea why people still listens to anything he says and he shows how clueless he still is.
Former Fed Chairman Alan Greenspan said Thursday that monetary policy has reached the outward bounds of its effectiveness without another round of quantitative easing.
"Monetary policy … has done everything it can unless you want to put additional QEs on. They're not helping that much in the sense that ultimately determines whether or not you're getting an effect from the QEs" beyond increasing price-to-earnings ratios in the stock market, he said during an interview on CNBC's "Squawk Alley."
"There's no real evidence that we're getting an impact on lending and on the economy picking up," he said.
First is the foolish idea that we must increase lending or that QE would have any impact on lending. It didn't work before and it won't in the future. There is a ton of money in the system, the problem is NO ONE wants it.
We have complain after complaint about raising the minimum wage but here we have a possible preview of more welfare programs for Wall Street and the big banks.
Instead of suggesting the government needs to continuously artificially stimulate the economy, why doesn't he just admit that Obamanomics is a failed economic policy?
The fed itself is a failed idea, run by crooks whose only interest is propping up favored sectors of the economy while leaving us regular folks poorer when the resulting bubbles burst.
Instead of suggesting the government needs to continuously artificially stimulate the economy, why doesn't he just admit that Obamanomics is a failed economic policy?
It started long before that. Why do you do this? Do you see politics as more important than what is best for the country?
We had a Federal Reserve mid level muckety muck out of Kansas on our local radio show and he, of course, played up what a great job The Fed did preventing worse damage to the economy. I thought they screwed it up big time.
Instead of suggesting the government needs to continuously artificially stimulate the economy, why doesn't he just admit that Obamanomics is a failed economic policy?
FOXonomics doesn't qualify as intelligent economics.
The fed itself is a failed idea, run by crooks whose only interest is propping up favored sectors of the economy while leaving us regular folks poorer when the resulting bubbles burst.
The fed was created to keep the rich & wealthy... rich & wealthy. Bail-out after bail out of the rich & powerful, is what the federal reserve does.
The federal reserve is the mechanism, that keeps government growing and growing in size. Spending money it never had.
It started long before that. Why do you do this? Do you see politics as more important than what is best for the country?
You could argue it started in 1913 when the Fed was created so what? Bottomline is economic indicators have worsened the most under this clown. Our national debt has ballooned. This country is now more racially divided than ever and we've lost more respect internationally than under Bush. It's not just Obama, it's the idiots he's picked to run his administration. From Clinton, to Kerry, to Lynch to Holder, to Yellen! Losers all around!
You could argue it started in 1913 when the Fed was created so what? Bottomline is economic indicators have worsened the most under this clown.
He has economically failed the country BUT McCain nor Romney would have went in another direction.
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Our national debt has ballooned. This country is now more racially divided than ever and we've lost more respect internationally than under Bush. It's not just Obama, it's the idiots he's picked to run his administration. From Clinton, to Kerry, to Lynch to Holder, to Yellen! Losers all around!
Yellen is no more a loser than Bernanke. Odd you didn't mention him. And by no more, I mean a complete failure.
First, the guy admits he screwed things up badly so I have no idea why people still listens to anything he says and he shows how clueless he still is.
We have complain after complaint about raising the minimum wage but here we have a possible preview of more welfare programs for Wall Street and the big banks.
While he gets it right on negative rates, those policies that got us here are in many ways his.
Greenspan mentions the poor rate of Gross Domestic Savings as the reason why the economy is moving at a snails pace. He hints at the cost of entitlements as being a source of this problem because it has a dampening effect on productivity.
Has the economic turmoil in the American middle class become a non factor in Gross Domestic Savings or is Greenspan playing politics?
Is Greenspan in the game of vilifying entitlements so that the corporate media will keep talking to him?
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