Higgenbotham's Dark Age Hovel

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Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 10:36 am

It's hard to believe that Ronald Reagan nominated Greenspan to be the Federal Reserve Chairman.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 9:18 am

Guest wrote: ↑
Tue May 07, 2024 1:31 am
Higgenbotham wrote: ↑
Mon May 06, 2024 4:40 pm
 During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
The reality is that Greenspan really didn't know what he was doing.

He lost his way when he abandoned the gold standard.
Roosevelt took the US off the gold standard in 1933.

https://www.history.com/this-day-in-his ... d-standard

Re: Higgenbotham's Dark Age Hovel

by aeden » Tue May 07, 2024 8:26 am

She had to retire as the mental patients damned well have beat her more than once.
Her knee was blown out and was forced to retire damn near crippled.
These damned fools have no clue what is coming from these drug addled ssri animals growing like a petri dish of the demonic damned.
Ruled by fools ignored by useful idiots as the cheerful idiot taxpayers just end up homeless.
The effort underway for the remaining sane community is a respite area for Parents barely hanging on with issues we deal with
since these liberals would drown in as a rainstorm looking up.

Marxism the road to Hell.
Moleks you worship in the sprint to eternal separation from your Creator.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 1:31 am

Higgenbotham wrote: ↑
Mon May 06, 2024 4:40 pm
 During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
The reality is that Greenspan really didn't know what he was doing.

He lost his way when he abandoned the gold standard.

Re: Higgenbotham's Dark Age Hovel

by Higgenbotham » Mon May 06, 2024 4:40 pm

During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.

Re: Higgenbotham's Dark Age Hovel

by Higgenbotham » Mon May 06, 2024 11:27 am

Higgenbotham wrote: ↑
Mon May 06, 2024 11:25 am
I suppose if the average worker bought a house a long time ago he did OK too.
Provided it was in the "right" neighborhood. Old Economy Steve meme.

Image

https://nymag.com/intelligencer/2013/05 ... steve.html

Re: Higgenbotham's Dark Age Hovel

by Higgenbotham » Mon May 06, 2024 11:25 am

These charts cover both the Greenspan and Bernanke eras. Though Bernanke's policies seemed more extreme, the outcome was about the same.

I suppose if the average worker bought a house a long time ago he did OK too.

Image

Image

Re: Higgenbotham's Dark Age Hovel

by Guest » Sat May 04, 2024 12:35 am

Guest wrote: ↑
Fri May 03, 2024 3:34 pm
 There was this thing known as the Greenspan put.

Market commentors noticed a pattern during Alan Greenspan's tenure as Fed chair from 1987 to 2006. The Fed, it appeared to some, had developed a policy of bailing out stock investors by injecting liquidity into the economy amid large stock market declines. This perceived tendency came to be called the "Greenspan put."

Bernanke said in the film that he would continue the policies of Greenspan and he did in a big way.
Greenspan dug our grave, but he had help.

JCP

Re: Higgenbotham's Dark Age Hovel

by Guest » Fri May 03, 2024 3:34 pm

There was this thing known as the Greenspan put.

Market commentors noticed a pattern during Alan Greenspan's tenure as Fed chair from 1987 to 2006. The Fed, it appeared to some, had developed a policy of bailing out stock investors by injecting liquidity into the economy amid large stock market declines. This perceived tendency came to be called the "Greenspan put."

Bernanke said in the film that he would continue the policies of Greenspan and he did in a big way.

Re: Higgenbotham's Dark Age Hovel

by Guest » Fri May 03, 2024 3:27 pm

It's hard to know what causes a cycle, even in retrospect. Interesting to speculate, though. Was the Federal Reserve successful in prolonging this boom? Perhaps we will never know for sure.

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