Greenspan – Now one plus one…
“Greenspan was considered a master,” Giulio Tremonti, Finance Minister of Italy, has declared. “Now we must ask ourselves whether he is not, after [Osama] bin Laden, the man who hurt America the most. . . . It is clear that what is happening is a disease. It is not [...]
The bubble economy was caused by the United States Federal Reserve’s run of low interest rates – Greenspan’s irrational exuberance.
The nail piercing this bubble is the Iraq war, which has, so far, has cost the US $500 billion in military expenditures and about $1 trillion by such “unintended?” consequences as the rising price of crude [...]
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