GS und Komptenz - 1

verfasst von jagg, 31.01.2001, 18:34

Zitiert aus 2tfme13 von Vern Lyon,
http://www.aros.net/~vlyon/ bzw.
ftp://ftp.aros.net/pub/users/vlyon/2tfme12.txt

...
There is one economist, however, that has attained enormous
prestige, and this economist is Alan Greenspan. The respect for
Greenspan, however, is not quite universal. There are still some
individuals who prefer to get their economics tutoring from
sources other than journalists. Victor Niederhoffer, Ph.D.,
perhaps because he ignores all journalists except those who write
for the National Enquirer has not become swayed of Greenspan's
greatness. In some barbed comments in reference to the Fed's role
as a modern Delphic Oracle, Niederhoffer in his insightful recent
book, The Education of a Speculator (1997), says the following:

No discussion of Delphic utterances would be complete without
an analysis of the Federal Reserve, the institution that most
clearly rivals Delphi in its prestige and influence.
...
The only problem in analyzing the Fed is that to analyze the
correspondences, the divergences, and the underlying principles
adequately would require a Ph.D. dissertation, or at least an
all-but-dissertation, the modal degree of the Fed staff -- a
status"Dr." Alan Greenspan mysteriously graduated from when he
assumed the chairmanship at the age of 62. As far as I know, no
one has ever seen or read Greenspan's dissertation [pp. 66-67].

Maybe the ambiguity about Greenspan's academic credentials is the
reason the Nobel awards committee has overlooked Greenspan in
awarding the most prestigious award a scientist can receive.
Since this award is not awarded posthumously, they had better
hurry up.

I have on several occasion in TFME expressed my opinion that the
prestige Greenspan enjoys is not so much from his personal
qualities, and certainly not from his intellect, but from the
power that comes with his job. Faith in Alan Greenspan or the Fed
in general depends on the power that it has to plug the leaks
that are bound to occur from time to time in the highly
leveraged, and hence vulnerable, financial system. The source of
this power and prestige can best be understood if we play police
detective and follow the money.
...


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gesamter Thread:

• Hat die FED ein Interesse an stabilen Finanzmärkten, will Sie die Talfahrt - Aldibroker, 30.01.2001, 20:56
  • Er will sicherlich keinen neuerlichen Gipfelsturm, dann wird's nämlich gefährl.. - YIHI, 30.01.2001, 21:02
    • Was ist denn nun gefährlich, das die Märkte fallen oder ein 1/x wieder aufholen? (owT) - Aldibroker, 30.01.2001, 21:05
      • Re:... gefährlich für wen? - jagg, 30.01.2001, 21:14
        • Re:... gefährlich für wen? - dottore, 30.01.2001, 22:23
          • Re:... gefährlich für wen? - jagg, 30.01.2001, 23:25
            • GS und Komptenz - 1 - jagg, 31.01.2001, 18:34
            • Greenspan und Establishment - jagg, 31.01.2001, 18:35
              • Greenspan und Establishment, Nachtrag - jagg, 31.01.2001, 18:46
            • Greenspan und Komptenz - 2 - jagg, 31.01.2001, 18:37
            • Diskussion der GS Rede an December 5, 1996 - jagg, 31.01.2001, 18:42
            • Greenspan und"Macht" - jagg, 31.01.2001, 18:52
  • Re: Hat die FED ein Interesse an stabilen Finanzmärkten, will Sie die Talfahrt - JüKü, 30.01.2001, 21:28
    • Worum geht es? (owT) - Aldibroker, 30.01.2001, 21:37
      • darum was er kann und das was passieren wird. nervensäge (owT) - puppetmaster, 30.01.2001, 21:59
        • Entschuldige, suche nur Antworten und will mich weiterentwicklen, nehme - Aldibroker, 30.01.2001, 22:07
        • 'nervensäge' ist aber kein schöner Ausdruck!! (owT) - ufi, 31.01.2001, 12:50