Wednesday, August 19, 2015

Greenspan Is Off His Meds Again

August 19, 2015
Greenspan warns about bond-market bubble

Greenspan said “normal” interest rates have always been in the 4% to 5% range.


As seen here, from January of 1934 to July of 2015, the 3-month treasury bill interest rate has been between 4% and 5% only 111 months out of 979 months, or just 11.3% of the time.

Stick that in your "normal" pipe and smoke it.

“There are two possibilities. Either we move slowly back to normal, or we do it in a fairly aggressive manner. History tells us it’s the latter which tends to be more prevalent than the former,” Greenspan said.

Japanese investors might offer a third possibility, especially those who began investing in the early 1990s shortly after their housing bubble popped. Just sayin'.


mab said...

I don't mean to get into the "weeds" here, but don't you mean "norml" pipe?

"hash" tag norml!!!!! Whatever hash tag means.

Stagflationary Mark said...


Hahaha! Needs a high-coo!

greenspan done me bong
canna bliss turned canna dis
smoked up my water


mab said...

No more high-jinks! I promise!

Stagflationary Mark said...

I'd express my outrage over all of this, but I wouldn't want to be a knee-jerk reactionary!

I am not here to pass Judge's mints. Instead, eye for Gideon's ewe. Dew not be fleeced in a short squeeze! God, these puns burn but I will not let them anger me. May I speak, know more.

mab said...

I wouldn't want to be a knee-jerk reactionary!

Or a dangerous radical like an inverse square route!

I'm thinking Sears could hit a new high with budding franchise joints in Oregon or Colorado. Regular dens of disequity.

Stagflationary Mark said...


Those free radical spirits aren't cheap, but ypu don't see me wining about it. Heck, I'm just happy to have some pot to piss in. Sour grapes? Never! Even at my wurst, I'm mostly sweet and sour. As a side item note, being wurst can ruin one's liver. Liver die? There's almost always a choice. Taster's choice, with fava beans and a nice chianti. Savor the sophistication.


No idea why neither of us are hired to create TV commercials. ;)