greenspan still has excellent timing | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Still a newbie - timing GBPUSD entry question 5 replies

which pair has excellent ranging market 7 replies

im looking badly for an excellent real time charts up to 30$ 5 replies

Excellent book worth reading 6 replies

A most excellent opportunity 4 replies

Attachments: greenspan still has excellent timing
Exit Attachments

greenspan still has excellent timing

  • #1
  • First Post: Sep 15, 2007 12:26am Sep 15, 2007 12:26am
the old man still has the goods. his book tour could not come at a better time, subprime is finally hitting mainstreet and more people will be interested in what he has to say than ever before. not only that, but his tour kicks off with the biggest fed meeting in about 3 years as a backdrop. i swear if i were a conspiracy theorist id be concocting a story about how greenspan timed this whole thing years ago

the first tidbit ive read of his tour is pretty juicy: http://www.forexfactory.com/news.php?do=news&id=46818. and i hear he will be making something like 25 appearances next week, plenty of time for him to slip up an say something that will create an uproar. should be a fun week
Relax and be happy.
  • #2
  • Sep 15, 2007 2:40am Sep 15, 2007 2:40am
Today's WSJ story on Greenspan's new book.
  • #3
  • Sep 15, 2007 10:08am Sep 15, 2007 10:08am
Quoting merlin
the old man still has the goods. his book tour could not come at a better time, subprime is finally hitting mainstreet and more people will be interested in what he has to say than ever before. not only that, but his tour kicks off with the biggest fed meeting in about 3 years as a backdrop. i swear if i were a conspiracy theorist id be concocting a story about how greenspan timed this whole thing years ago

the first tidbit ive read of his tour is pretty juicy: http://www.forexfactory.com/news.php?do=news&id=46818. and i hear he will be making something like 25 appearances next week, plenty of time for him to slip up an say something that will create an uproar. should be a fun week
Greenspan still wields unbelievable power to say the least. And to think he's unaware of it would be naive.

I'm no conspiracy theorist either, but I don't believe his timing is strictly by chance. I don't dismiss anything he he says or does, or the manner in which he says or does it as chance.

Yes he still has the goods!
  • #4
  • Sep 15, 2007 12:05pm Sep 15, 2007 12:05pm
Quoting billflet
I'm no conspiracy theorist either, but I don't believe his timing is strictly by chance.
What does that make you then? Book release dates are often published months in advance. In this time of economic unrest it would be hard to not have some "event" surrounding his release.

What about OJ robbing a hotel room the same week as his book is being released? More conspiracy?
  • #5
  • Sep 15, 2007 12:22pm Sep 15, 2007 12:22pm
question... if greenspan were still fed chairman, would it be important to read his book?

if you answered yes, then why havent you read bernanke's book????

just making this point because im amazed how few people have actually read benny's book! instead of "Inflation Targeting", it should be titled "Inside the Mind of Bernanke", its that good!
Relax and be happy.
  • #6
  • Sep 15, 2007 12:25pm Sep 15, 2007 12:25pm
Perfect timing indeed! Don't forget to catch the green man on Sunday's 60 minutes.
  • #7
  • Sep 15, 2007 12:45pm Sep 15, 2007 12:45pm
wouldnt miss it!! for traders this is like a big playoffs game, i have the popcorn ready
Relax and be happy.
  • #8
  • Sep 15, 2007 10:32pm Sep 15, 2007 10:32pm
Quoting philmcgrew
What does that make you then? Book release dates are often published months in advance. In this time of economic unrest it would be hard to not have some "event" surrounding his release.

What about OJ robbing a hotel room the same week as his book is being released? More conspiracy?
It doesn't make me anything Phil. I simply stated that Greenspan is an influential person and is very aware of his influence and the potential consequences of what he says and does--and by being aware, doesn't do or say things by accident. I wasn't referring to the timing of his book release specifically, though in rereading my post I see that I implied it.

If I were a true conspiracy theorist I wouldn't refer so many conspiracy theorists to your posts regarding brokers, market makers etc. Those posts are solid gold by the way.

As far as OJ and his mug being in the news at the time of his book release? I don't know. I don't really follow his exploits any more than those of Britney Spears or Dog the Bounty Hunter. But being you brought it up, Would Simpson gain by it? I thought the Goldmans would be the beneficiaries of the book sales.

Have a good weekend and congrats on your pilot's license!
  • #9
  • Sep 15, 2007 10:54pm Sep 15, 2007 10:54pm
I just found a little humor and irony in your post. No harm done, I was kind of hoping you were one because I enjoy seeing how people connect the dots between seemingly unrelated events. Have a great weekend yourself and thanks for the congrats.
  • #10
  • Sep 15, 2007 11:01pm Sep 15, 2007 11:01pm
Quoting merlin
question... if greenspan were still fed chairman, would it be important to read his book?

if you answered yes, then why havent you read bernanke's book????

just making this point because im amazed how few people have actually read benny's book! instead of "Inflation Targeting", it should be titled "Inside the Mind of Bernanke", its that good!
I'll put it on my list. Thanks. Have you read his other books (particularly the essays on the Depression)? Just curious, I've never read any of his work...
  • #11
  • Sep 15, 2007 11:16pm Sep 15, 2007 11:16pm
Quoting HalifaxCB
I'll put it on my list. Thanks. Have you read his other books (particularly the essays on the Depression)? Just curious, I've never read any of his work...
I tend to get more out of essays than books and this just piqued my interest. I think I'll try to turn these up this weekend.
  • #12
  • Sep 17, 2007 10:27am Sep 17, 2007 10:27am
wow! that was an AMAZING interview. its unbelievable how sharp greeny is, his every answer seemed like it was thought about for days.

my favorite part is when he said that GM and Ford should focus on making good cars instead of worrying about the fed. that made me laugh out loud.

also interesting is how he defended his right to speak about the economy after retiring as fed cheif. i didnt expect that from him.

looking forward to the CNBC interview tonight!
Relax and be happy.
  • #13
  • Sep 17, 2007 10:34am Sep 17, 2007 10:34am
oh another good part of the interview is when he talked about interest rates "now and then". this was very important i believe. he said that he was able to lower rates "at will" because there was no fear of inflation. he went on to say that bernanke cant do the same thing because inflation is now a threat.

also interesting is how he said that the credit crunch is a short term problem, whereas the "reemergence of inflation" is the biggest long run threat to the economy. basically he was hinting that bernanke has bigger problems on his hands than this credit fiasco.
Relax and be happy.
  • #14
  • Sep 17, 2007 12:57pm Sep 17, 2007 12:57pm
Quoting merlin
oh another good part of the interview is when he talked about interest rates "now and then". this was very important i believe. he said that he was able to lower rates "at will" because there was no fear of inflation. he went on to say that bernanke cant do the same thing because inflation is now a threat.

also interesting is how he said that the credit crunch is a short term problem, whereas the "reemergence of inflation" is the biggest long run threat to the economy. basically he was hinting that bernanke has bigger problems on his hands than this credit fiasco.
He's managing to please greeks and trojans lately. "Should cut, be careful" for the market, "Inflation a concern" for Fed. Expected / desided outcome: boost the book sales. I can't blame him :
  • #15
  • Sep 17, 2007 1:24pm Sep 17, 2007 1:24pm
well as fed chief he was paid something like 150K per year, his history shows that he isnt money hungary. but his publisher probably is! LOL

btw, i thought of another highlight... did anyone else hear greenspan say "mission accomplished" after being told that the sentate couldnt understand his "fed speak"? if i heard what i thought i heard, this is a stunning admission.
Relax and be happy.
  • #16
  • Sep 17, 2007 1:28pm Sep 17, 2007 1:28pm
Quoting merlin
well as fed chief he was paid something like 150K per year, his history shows that he isnt money hungary. but his publisher probably is! LOL

btw, i thought of another highlight... did anyone else hear greenspan say "mission accomplished" after being told that the sentate couldnt understand his "fed speak"? if i heard what i thought i heard, this is a stunning admission.
Allow me a classic here...

http://www.cartoonstock.com/lowres/hsc3569l.jpg
  • #17
  • Sep 17, 2007 1:28pm Sep 17, 2007 1:28pm
Quoting merlin
well as fed chief he was paid something like 150K per year, his history shows that he isnt money hungary.
His wife makes a tidy little income so that probably helps. I saw her on one of the Sunday talk shows and she looks pretty darn good for her age.
  • #18
  • Sep 17, 2007 1:31pm Sep 17, 2007 1:31pm
Quoting cesarnc
Allow me a classic here...
haha! perfect!

i was stunned to hear him admit its true!! bernanke is screwed now, he was probably pissed when he heard that

i can just imagine the next senate testimony... "Mr. Bernanke, are you intentionally trying to confuse me?"
Relax and be happy.
  • #19
  • Sep 17, 2007 1:32pm Sep 17, 2007 1:32pm
Quoting philmcgrew
His wife makes a tidy little income so that probably helps. I saw her on one of the Sunday talk shows and she looks pretty darn good for her age.
yeah on 60 mins he was telling the story of how they met. he invited her back to his appartment to check out his essay on the great depression. musta been one hell of an essay!!!
Relax and be happy.
  • #20
  • Sep 17, 2007 1:37pm Sep 17, 2007 1:37pm
Quoting merlin
yeah on 60 mins he was telling the story of how they met. he invited her back to his appartment to check out his essay on the great depression. musta been one hell of an essay!!!
LOL... some flerting going on back in 20s
0 traders viewing now