Tongue in cheek…
Don’t you just miss the “good old days” of former Federal Chief, Alan Greenspan?
Look at how Bernanke is struggling to prop the economy and handle inflation. Things were much simpler during Greenspan’s days. Right after the tech bubble burst, stock market did not collapse, house prices went on one of its longest boom.
The answer to his magical touch: just turn on the money printing machines. Yes, those old printing presses were operational 24 hours a day churning out new money to solve the world’s problems. And Greenspan brought his own style of humor.
Remember the bubble baths he would take in preparation for a press event?
I read a book recently on Alan Greenspan’s Fraud: How Two Decades of His Policies Have Undermined the Global Economy which I will be elaborating later. Stay tuned!