Comments for The Downturn and the Large Deficits are Due to Alan Greenspan and Ben Bernanke at http://www.cepr.net , comment 1 to 6 out of 6 comments http://www.cepr.net Thu, 23 May 2013 13:09:47 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2528 There is no bond bubble. There cannot be a bond bubble. Bonds have a fixed date of maturity. If you hold onto the bond, it eventually turns into cash. Where did the bond bubble nonsense come from? - bakho Mon, 30 Aug 2010 14:00:03 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2525 Housing bubble = yesterday's news. How about getting off that obsession and looking at the current bubble? what's going to happen went interst rates tick up? - Tom Faranda Mon, 30 Aug 2010 06:49:00 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2522 The incipient bubble was called as early as 2002 by Dean and Robert Shiller on the basis of prices. Mortgage data were confirmatory, but Greenspan was actually encouraging trick mortgages at this time. - skeptonomist Mon, 30 Aug 2010 04:38:52 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2520 [b]izzatzo[/b] wrote, [quote]he claimed insufficient warning of it due to a data lag on sub-prime loans[/quote] Here's what I don't get: doesn't the Fed randomly sample mortgages and look at their content to keep track of what's going on? Apparently not. What a bunch of blithering idiots. - liberal Mon, 30 Aug 2010 03:53:40 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2517 he had the perfect expression for this: "failing upwards"- describing the essence of the insulation that exorbitatnt wealth creates, at the expense of efficiency or functionality - frankenduf Mon, 30 Aug 2010 03:04:19 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/the-downturn-and-the-large-deficits-are-due-to-alan-greenspan-an-ben-bernanke#comment-2511 Funny how Greenspan could call the Iraq war as caused by oil rather than weapons of mass destruction or 9-11, as though he knew it all along, but when it came to the financial crisis, he claimed insufficient warning of it due to a data lag on sub-prime loans, implying the crisis could have been averted with timely data. - izzatzo Sun, 29 Aug 2010 18:53:20 +0100