Bob Brinker Doesn't Understand Alan Greenspan

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Here is an excerpt of Bob Brinker's comments about Alan Greenspan on Moneytalk, October 13, 2007:

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The MAESTRO: Reminding us that Alan Greenspan was making percentage bets on the likelihood of a recession, Bob Brinker said:

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“There’s something about the Maestro that I really don’t understand, and this is what it is. For seventeen years Alan Greenspan was Chairman of the Federal Reserve – by far, the most powerful person in the world. And yet for seventeen years we could never get Alan Greenspan to really tell us what he was thinking. I mean, this guy was like, he was like on permanent STEALTH CONTROL. You never really knew what Alan Greenspan was thinking. And do you remember he told us that? Do remember his quote? I’ll paraphrase here just a little bit….he said, ‘If you think you clearly understood what I said, then perhaps I misspoke.’ Now that is the quote for which Alan is best known. And this guy, he would never really tell you what he thought UNTIL HE LEFT as Chairman of the Federal Reserve. Now since he’s gone – he’s been gone for little over a year, you can’t shut the guy up. He’s giving speeches all over the world. He’s making predictions about probabilities of recession. I mean, it’s unbelievable! Seventeen years of silence, and now it’s Alan Greenspan 24/7. But that’s okay because he gets paid up to $150,000 for his speeches. So in the end, it’s okay. It’s all about the money. And we understand that. We have the best government money can buy, so we understand when it’s all about the money. I mean, we have been there – done that. So there’s nothing new at all there.”

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