Reading Time: < 1 minute Alan Greenspan, the former Fed chairman wrote an article The Fed Didn’t Cause the Housing Bubble on WSJ to defend himself. He was saying his low fed rate from 2003 to 2005 is NOT the cause for the housing bubble, and current financial crisis. Interesting stuff. I remember Oct. Anderson Cooper (CNN) did a series… Continue reading Greenspan: not my fault
Reading Time: < 1 minute Greenspan (regulators): for he kept interest rate too low (1%) for too long, during the recession after dot com bubble. Bush (politicians): for his failed Iraq war which cost American tax payers more than 500 billions so far. He asked American “go shopping” after 911, in addition to buying a car or a house. Democrats… Continue reading Who to blame for current financial crisis?
Reading Time: < 1 minute Mr. Greenspan (former US Fed chief), Jim Rogers (legendary investor), or Shang Fu Lin (Chairman, China Securities Regulation Committee)? For me this is an easy pick (the latter two). But it seems people in the west believe in Mr. Greenspan better. Now after making comments in Feb (which partially caused the Feb. 27 crash), the old man speaks again. Don’t get me… Continue reading Who Knows Chinese Stock Market Better?