Not to long ago, Mr Alan Greenspan could do no wrong. He was worshiped as a demi-god, where his every word, and nuance was placed on the elevated pedestal of wisdom. Today, his claim that the sub-prime issues that brewed during his watch was not within his sniffles, much as his reach of influence and power then was much longer than his nose, made him look like a very sorry incapable human specimen.
David Cameron, Nick Farage, and now brash Boris all seemed to have skipped town, after the colossal mess they created in disunited UK.
Will our seemingly wise but in truth bankrupt of ideas developed countries Central Bankers scoot off as well should interest rates ever do a dramatic reversal up. and leave many gullible enough to believe that holding a 60 years bond at 0.1% pa interest rate was a sensible decision.
Proverbs 3:5-6New International Version (NIV)
5 Trust in the Lord with all your heart
and lean not on your own understanding;
6 in all your ways submit to him,
and he will make your paths straight.[a]
NOTE
Events since this sharing
http://www.cnbc.com/2016/11/14/donald-trump-blew-up-the-bond-market-and-changed-everyones-view-of-interest-rates.html
5 Trust in the Lord with all your heart
and lean not on your own understanding;
6 in all your ways submit to him,
and he will make your paths straight.[a]
NOTE
Events since this sharing
