Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Contrarian market commentary and economic postings.
Counter
Blog Archive
-
▼
2007
(130)
-
▼
March
(24)
- MUSHROOM CLOUD
- RUNNING OUT OF GAS
- STEPHEN ROACH
- THE HAVE NOTS
- WED FED MEETING
- KRAKATOA THEORY
- SMACK BETWEEN THE EYES
- HEDGE FUNDS TAKE A HIT
- MAESTRO SPEAKS
- CRAMER EXPOSED ON UTUBE
- 90% DOWNSIDE VOLUME DAY ALERT!!!
- YHOO FINANCE MKT UPDATE
- AM THOUGHTS
- STEPHEN ROACH WEIGHS IN
- "AN INCONVIENENT TRUTH"
- SUBPRIME WOES
- MONEY FLOW MYTH
- CHINA CARRY TRADE OVER?
- IT'S A NEW CENTURY
- THE WORM TURNS
- WE HIT BOTTOM YET?
- 90% SURE
- A REAL LOOK AT IRAQ
- 500 POINT WARNIG SHOT, MASSES ABOUT TO BE BURNED A...
-
▼
March
(24)
About Me
- Marc R
- Baltimore, Maryland, United States
- PROFILE FOR MY 1 SOURCE BLOG: We have over 30 years of experience and the best resources available to bring you unequaled value and customer service. We look forward to helping you with your next project with our "Creative Office Solutions" #2 PROFILE FOR MY MARKET "HOBBY" BLOG I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
2 comments:
Those are two very poingnant points. The future is dead ahead.
On other issues, Greenspan unleashed a broadside over what he termed "archaic" procedures for settling trades in the huge over-the-counter credit derivatives market.
"I was shocked to find the credit derivatives market, which was working superbly, ends up with the settlement and clearing done with 19th century technology," Greenspan told the futures conference.
"There's an insanity out there that I don't understand," he added. He called on the New York Federal Reserve Bank, which plays a crucial role in the U.S. central bank's financial settlements procedure, to stay involved, or "we would face a really dangerous problem."
Greenspan also warned that the pending retirement of the baby boom generation would be a "seminal event" for the U.S. economy as costs of entitlement programs rise.
Successive administrations had overpromised benefits to the point where the United States faces a "serious ethical problem," he said.
Credit Bubble becomes trouble when it ends, then Ponzi scheme crumbles.
D
Post a Comment