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The Needless Recession

The verdict is in: Alan Greenspan is guilty of causing the greatest downturn in US economic history. I say "greatest" since it was not only completely unnecessary but done by choice. The good news is that he is unrepentant thus proving to all the world that he cares not one wit about the verdict of history. It is safe however to stick him and his complete insanity in the dust bin of history. Ideally we never get another Fed Chairman from New York City ever again. Indeed ideally we'll never get anyone from New York City ever again. For anything!

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.