The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

The Age of Turbulence

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

T

TheGreatBear

Guest
I know there might be plenty of Greenspan/Fed haters here. But this book is quite interesting.
Two memorable parts,
One Treasury Secretary under Clinton once told Greenspan not to comment on the financial markets. "Because if you're wrong, people will realize you don't know what's gonna happen- just like them"(paraphrased)
He also mentions how that although he and other policymakers might have had a hand in the economic prosperity of the 1990s, but he acknowledges that the fall of the Berlin Wall(a significant geopolitcal event) and other macroeconomic/global trends probably was the main influencing factor. The Fed could only follow the trend, so to speak.
Plenty of other interesting tidbits, i.e. "Refineries are 30 year investments" etc.
And he also mentioned how tightening in 1996 was only effective for a while in stopping the stock market's rise. Once he stopped tightening, the stock market would resume its rise, which would actually be reinforcing the confidence of the market participants. Reminds me of the Chinese stock market...
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Sponsored Offers

MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
If there’s one thread I see repeated over and over again on the forum, it goes like this: “I...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Any scholarship programs for those who can't afford the course? Broke but need this course :)...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
It's an affiliate link, so it's hard to give those up! The affiliate links are automatically...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
A week ago someone asked if one of my courses is still relevant (referring to the Upwork...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I have not offered one of these in a while, but it looks like I have time to take on an...



Forum Sponsor

Grow an online business:
- Start immediately!
- Master business skills!
- 100+ Fastlane students enrolled!
Review & Details >

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom