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U.S. Election Special: Yes, we can (video of Obama's acceptance speech).
And funny video from The story of Alan Greenspan, the man who never met a bubble he didn't love (pdf from June 2007): How hubris and fear of minor economic hiccups lead him to create massive amounts of excess liquidity, which enabled and encouraged overconfidence in everyone from the president on up (yes, "up") to the college kid on his third investment property who thought real estate prices could only rise and interest rates only fall. Sprinkle in perverse incentive systems and some white collar crime and you have... Alan's Bubble of trouble. Irrational Exuberance and Immoral Hazard (pdf from April 2008) indeed! New York Times Links:
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From this site's creator (2008-10-29):I registered the domain name AlansBubble.com in June of 2005, as the U.S. housing market was peaking (see chart). Since then I've sold all my other real estate and cancelled $1 milliion in purchase contracts. I hope to buy back into the market in 2009 or 2010. I've been blogging about Greenspan for over four years, which is exactly how long I've been blogging. Here is my first blog post mentioning Alan: Greenspan Virtual Q&A, published on October 20, 2004. Here are a few more of my blog posts about him:
A few good articles related to the subject:
And, here are all 234 of my posts (so far) mentioning Greenspan. I haven't blogged about him much in 2008 because, frankly, it's been game over for so long it's just left to shun him and perhaps turn AlansBubble.com into a Web 2.0 site where people can submit articles, pictures, quotes, etc. Maybe also let people click to send him a personal email, perhaps with an attachment, such as a picture. Or a greeting card with a virtual flaming bag of dog shit of something else from our user-submitted library of images. Maybe offer an option to send a real postcard or letter to his home. Maybe another option to include a small gift for him, like a flaming bag of dog shit. Ok, maybe not the shit, but a little bunch of balloons or kids bubble bottle or something. That's harsh, but he is the one person in the world who who most enabled, facilitated, and encouraged the asset and credit bubbles. They are his bubbles (the crash is ours). If anyone deserves a flaming bag of dog shit landing on their front steps, it's Greenspan (and Bush). Get in touch if you want to, and are capable, helping me develop this concept and site (as a side project). In the meantime, we've always got alangreenspan.ning.com. For Bush we've got failure.ning.com. -Chris PS Here are all 907 of my blogs mentioning Bush. Yes, my early blogging days spent a lot of time on him. In fact, after Bush was "elected" in 2004, and before he was inaugurated in January 2005, I created the White House Mafia concept and sold and gave away hundreds of t-shirts and posters in my hometown of Washington, DC, and around the world. Related domain names I own are this one, AlansBubble.com, WallStreetMafia.com, and WordBankMafia.com. I dunno, seemed like a good idea to register at the time (years ago). Some Books About Greenspan: |
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© 2005-2008 Chris Comella |