""What I've learned at the Federal Reserve is a new language which is called "Fed-speak". You soon learn to mumble with great incoherence.""
— Alan Greenspan
Great performer. Never missed a beat that I remember. Which is why there was no need for that quote to continue
...mumble with great incoherence but with unwavering continuity and consciousness.
— Alan Greenspan
Great performer. Never missed a beat that I remember. Which is why there was no need for that quote to continue
...mumble with great incoherence but with unwavering continuity and consciousness.
https://www.youtube.com/watch?v=SvE7mL0syYE
Good point by the CNBC reporter about the briefcase. It was early 2001, Baby Bush was starting out as Lame duck, bubbles seemed to be bursting and all the rage in the market was about when will the FED lower rates next. Back then they even made rate decisions between regularly scheduled meetings. Bad economic news was good for the market or at least that was the spin. And reporters tried to somehow divine Mr. Greenspan´s intentions from his leather briefcase. How much paper it seemed to contain I guess. Those were the times.
The briefcase was the shiny object...
Maybe. I seem to remember another one. A brown, worn one.
So many ways I could tell you what that brown, worn one was... But I am an adult now.
Back then if Greenspan had had some kind of strange episode during his speeches the Dow would probably have tanked by 10% or so within minutes
