Jolly_Rancher

On This Week today, Alan Greenspan played down the recent spat of weaker than expected data: "It is true, the last couple of weeks that some of the numbers that are coming in have been a little bit soft. But this is what a recovery looks like."

You mean like the huge deficit and the tapped out consumer during the 1991 recession that disappeared by the end of the decade -- so much so that the government started buying back notes and GASP! bond dealers worried about the supply? Of course, history never repeats, but this looks pretty similar to me.


On Oct 04 09:43 PM EX-AD-MAN wrote:

> The ruckus over Alan Greenspan's mutterings reminds me of how the
> wise men in ancient China would collect their 3 year old emperor's
> tiny poops in a bowl, and then pick it over with a magnifying glass,
> looking for "signs."
>
> History repeats, like a trucker with gas.
>
> Jolly-Rancher: What does a USA recovery look like when the last of
> the borrowed money is spent, and no foreigners are willing -- for
> GOOD REASON -- to lend anymore? Wake up and take a look around. If
> it isn't made in China, it's borrowed in China.