2008 is going to be one helluva crazy ride year, and we have Alan "The Genius" Greenspan to thank for it.To give him the benefit of the doubt, I did read his book, and while he has quite a bit to say about almost every subject in the world economy, at the end of the day, he is really just another full of shit windbag.
His 1% Fed Funds "Crazy Money" is at the core of all of our economic problems today, and remarkably, "Helicopter Ben" Bernake is going to use his playbook to try and avert a recession.
Back in 2006 I was speaking with the guy who parks my car in Manhattan about the prices of the condos in a building next door that used to be a parking garage. Even he knew that it was only "crazy money" that could afford to buy at those prices.
So, by logical deduction, the parking attendant had more understanding of the bad effects of 1% Fed Funds than the chairman of the Federal Reserve.
Conclusion?
WE ARE DOOMED
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