Friday, June 24, 2016

Alan Greenspan: "This Is The Worst Period
I Recall: There Is Nothing Like It"
Greenspan: "This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I'd love to find something positive to say .. Brexit is not the end of the set of problems, which I always thought were going to start with the euro because the euro is a very serious problem in that the southern part of the euro zone is being funded by the northern part and the European Central Bank." .. sees a dramatic slowdown in real incomes across the developed world.


1 comment:

Anonymous said...

So the man has read "Harry Dent"and about time !

Typical of tiny thinkers. Everyone except Trump seems to think Brexit had something to do with economics. It did not. Brexit was all about British civilization slowly being absorbed and eaten alive by creeping begging bowel Islam with its attendant slow deliberate implementation of Sharia law (a religious duty) rather than living by the law of the land of domicile and happily integrating with the original indigenous people.

The monied ruling classes have not been affected by this and remain largely ignorant. They know not what it is like to have to sell their houses at a loss because Muslims have swarmed into their neighbourhood. Islam will not integrate into Western Democracy. It has its own attached political agenda, a religious duty to implement. The society it sponsors is intolerant of any other view expect that which is sponsored by its dogma. In the raw it is the thinking behind ISIS.

Sorry about this inconvenient truth.