Home › Forums › Financial Markets/Economics › Greenspan on Meet The Press
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August 2, 2010 at 9:21 PM #586630August 2, 2010 at 10:02 PM #586228Rich ToscanoKeymaster
How many times does a guy have to be catastrophically wrong before people will stop listening to him?
August 2, 2010 at 10:02 PM #586336Rich ToscanoKeymasterHow many times does a guy have to be catastrophically wrong before people will stop listening to him?
August 2, 2010 at 10:02 PM #585602Rich ToscanoKeymasterHow many times does a guy have to be catastrophically wrong before people will stop listening to him?
August 2, 2010 at 10:02 PM #586640Rich ToscanoKeymasterHow many times does a guy have to be catastrophically wrong before people will stop listening to him?
August 2, 2010 at 10:02 PM #585695Rich ToscanoKeymasterHow many times does a guy have to be catastrophically wrong before people will stop listening to him?
August 2, 2010 at 10:10 PM #586233eavesdropperParticipant[quote=SD Transplant]Thanks for posting the details and video. I’ve caught some of the interview in my hotel room and wanted a review to read/view the details again. Funny that Greenspan sounded a little more geniune as he is trying to redeem his reputation after the game is over (way late in my book but interesting chatter)[/quote]
What I find interesting is that it seemed to take Greenspan a couple years to realize that, in the eyes of many people, he was a significant player in the events that led to the financial meltdown. For quite a while, you’d see photos of him at some social event or the other, with this Alfred E. Newman “What, me worry?” grin plastered on his face.
Speaking of clueless “experts”: I saw an interesting documentary on NOVA recently, “Mind Over Money”. It asks the question of why so many of the world’s leading economists failed to foresee disastrous fallout from the boom markets of the early and mid-oughts, and explored the role of human behavior in these events.
The causes of the meltdown are numerous and complex, and some, I believe, remain unexplored. It is important to view this film as an exploration of one small facet of an incredibly complex occurrence, not as an explanation of all that went wrong. The documentary raises intriguing questions about how we teach, learn, and approach economics.
The film is available for instant viewing from Netflix, and also can be viewed on the PBS website.
August 2, 2010 at 10:10 PM #585607eavesdropperParticipant[quote=SD Transplant]Thanks for posting the details and video. I’ve caught some of the interview in my hotel room and wanted a review to read/view the details again. Funny that Greenspan sounded a little more geniune as he is trying to redeem his reputation after the game is over (way late in my book but interesting chatter)[/quote]
What I find interesting is that it seemed to take Greenspan a couple years to realize that, in the eyes of many people, he was a significant player in the events that led to the financial meltdown. For quite a while, you’d see photos of him at some social event or the other, with this Alfred E. Newman “What, me worry?” grin plastered on his face.
Speaking of clueless “experts”: I saw an interesting documentary on NOVA recently, “Mind Over Money”. It asks the question of why so many of the world’s leading economists failed to foresee disastrous fallout from the boom markets of the early and mid-oughts, and explored the role of human behavior in these events.
The causes of the meltdown are numerous and complex, and some, I believe, remain unexplored. It is important to view this film as an exploration of one small facet of an incredibly complex occurrence, not as an explanation of all that went wrong. The documentary raises intriguing questions about how we teach, learn, and approach economics.
The film is available for instant viewing from Netflix, and also can be viewed on the PBS website.
August 2, 2010 at 10:10 PM #586645eavesdropperParticipant[quote=SD Transplant]Thanks for posting the details and video. I’ve caught some of the interview in my hotel room and wanted a review to read/view the details again. Funny that Greenspan sounded a little more geniune as he is trying to redeem his reputation after the game is over (way late in my book but interesting chatter)[/quote]
What I find interesting is that it seemed to take Greenspan a couple years to realize that, in the eyes of many people, he was a significant player in the events that led to the financial meltdown. For quite a while, you’d see photos of him at some social event or the other, with this Alfred E. Newman “What, me worry?” grin plastered on his face.
Speaking of clueless “experts”: I saw an interesting documentary on NOVA recently, “Mind Over Money”. It asks the question of why so many of the world’s leading economists failed to foresee disastrous fallout from the boom markets of the early and mid-oughts, and explored the role of human behavior in these events.
The causes of the meltdown are numerous and complex, and some, I believe, remain unexplored. It is important to view this film as an exploration of one small facet of an incredibly complex occurrence, not as an explanation of all that went wrong. The documentary raises intriguing questions about how we teach, learn, and approach economics.
The film is available for instant viewing from Netflix, and also can be viewed on the PBS website.
August 2, 2010 at 10:10 PM #585700eavesdropperParticipant[quote=SD Transplant]Thanks for posting the details and video. I’ve caught some of the interview in my hotel room and wanted a review to read/view the details again. Funny that Greenspan sounded a little more geniune as he is trying to redeem his reputation after the game is over (way late in my book but interesting chatter)[/quote]
What I find interesting is that it seemed to take Greenspan a couple years to realize that, in the eyes of many people, he was a significant player in the events that led to the financial meltdown. For quite a while, you’d see photos of him at some social event or the other, with this Alfred E. Newman “What, me worry?” grin plastered on his face.
Speaking of clueless “experts”: I saw an interesting documentary on NOVA recently, “Mind Over Money”. It asks the question of why so many of the world’s leading economists failed to foresee disastrous fallout from the boom markets of the early and mid-oughts, and explored the role of human behavior in these events.
The causes of the meltdown are numerous and complex, and some, I believe, remain unexplored. It is important to view this film as an exploration of one small facet of an incredibly complex occurrence, not as an explanation of all that went wrong. The documentary raises intriguing questions about how we teach, learn, and approach economics.
The film is available for instant viewing from Netflix, and also can be viewed on the PBS website.
August 2, 2010 at 10:10 PM #586341eavesdropperParticipant[quote=SD Transplant]Thanks for posting the details and video. I’ve caught some of the interview in my hotel room and wanted a review to read/view the details again. Funny that Greenspan sounded a little more geniune as he is trying to redeem his reputation after the game is over (way late in my book but interesting chatter)[/quote]
What I find interesting is that it seemed to take Greenspan a couple years to realize that, in the eyes of many people, he was a significant player in the events that led to the financial meltdown. For quite a while, you’d see photos of him at some social event or the other, with this Alfred E. Newman “What, me worry?” grin plastered on his face.
Speaking of clueless “experts”: I saw an interesting documentary on NOVA recently, “Mind Over Money”. It asks the question of why so many of the world’s leading economists failed to foresee disastrous fallout from the boom markets of the early and mid-oughts, and explored the role of human behavior in these events.
The causes of the meltdown are numerous and complex, and some, I believe, remain unexplored. It is important to view this film as an exploration of one small facet of an incredibly complex occurrence, not as an explanation of all that went wrong. The documentary raises intriguing questions about how we teach, learn, and approach economics.
The film is available for instant viewing from Netflix, and also can be viewed on the PBS website.
August 2, 2010 at 10:38 PM #585637eavesdropperParticipant[quote=Rich Toscano]How many times does a guy have to be catastrophically wrong before people will stop listening to him?[/quote]
It would appear that, to the media, Alan Greenspan has no shelf date. As long as the mass media offers Greenspan a soapbox, a large percentage of the citizenry will assume that what’s coming out of his mouth is believeable. Sad, but oh, so true.
I’m not sure who is charged with finding and booking “experts” to appear on televised news media, but I would be willing to bet that it’s the unpaid 20 year-old intern.
What was NBC thinking? (Of course, that, in itself, is a broad assumption on my part) You have the guy who is considered to be responsible in large part for the financial mess……on your well-respected, widely-viewed Sunday morning news show to ask him about our current and future financial health??? Really? There wasn’t another economist, financial journalist, or econ professor available? Maybe if Greenspan would have been one of 3 or 4 economists on a panel, or if they had had Greenspan interviewed by a hard-hitting financial journalist (no, not Jim Cramer. Someone who actually knows something about finance.)
No, so long as the mainstream media (and, yes, I am including Fox News in this group) continue to book these leeches, advertise their appearances heavily, and lob softball questions at them, people in America will take it for granted that they’re experts, and worth listening to. It’s so much easier doing that than reading a number of sources, weighing the content of each against the other, and coming up with one’s own thoughts and opinions.
August 2, 2010 at 10:38 PM #586263eavesdropperParticipant[quote=Rich Toscano]How many times does a guy have to be catastrophically wrong before people will stop listening to him?[/quote]
It would appear that, to the media, Alan Greenspan has no shelf date. As long as the mass media offers Greenspan a soapbox, a large percentage of the citizenry will assume that what’s coming out of his mouth is believeable. Sad, but oh, so true.
I’m not sure who is charged with finding and booking “experts” to appear on televised news media, but I would be willing to bet that it’s the unpaid 20 year-old intern.
What was NBC thinking? (Of course, that, in itself, is a broad assumption on my part) You have the guy who is considered to be responsible in large part for the financial mess……on your well-respected, widely-viewed Sunday morning news show to ask him about our current and future financial health??? Really? There wasn’t another economist, financial journalist, or econ professor available? Maybe if Greenspan would have been one of 3 or 4 economists on a panel, or if they had had Greenspan interviewed by a hard-hitting financial journalist (no, not Jim Cramer. Someone who actually knows something about finance.)
No, so long as the mainstream media (and, yes, I am including Fox News in this group) continue to book these leeches, advertise their appearances heavily, and lob softball questions at them, people in America will take it for granted that they’re experts, and worth listening to. It’s so much easier doing that than reading a number of sources, weighing the content of each against the other, and coming up with one’s own thoughts and opinions.
August 2, 2010 at 10:38 PM #585730eavesdropperParticipant[quote=Rich Toscano]How many times does a guy have to be catastrophically wrong before people will stop listening to him?[/quote]
It would appear that, to the media, Alan Greenspan has no shelf date. As long as the mass media offers Greenspan a soapbox, a large percentage of the citizenry will assume that what’s coming out of his mouth is believeable. Sad, but oh, so true.
I’m not sure who is charged with finding and booking “experts” to appear on televised news media, but I would be willing to bet that it’s the unpaid 20 year-old intern.
What was NBC thinking? (Of course, that, in itself, is a broad assumption on my part) You have the guy who is considered to be responsible in large part for the financial mess……on your well-respected, widely-viewed Sunday morning news show to ask him about our current and future financial health??? Really? There wasn’t another economist, financial journalist, or econ professor available? Maybe if Greenspan would have been one of 3 or 4 economists on a panel, or if they had had Greenspan interviewed by a hard-hitting financial journalist (no, not Jim Cramer. Someone who actually knows something about finance.)
No, so long as the mainstream media (and, yes, I am including Fox News in this group) continue to book these leeches, advertise their appearances heavily, and lob softball questions at them, people in America will take it for granted that they’re experts, and worth listening to. It’s so much easier doing that than reading a number of sources, weighing the content of each against the other, and coming up with one’s own thoughts and opinions.
August 2, 2010 at 10:38 PM #586675eavesdropperParticipant[quote=Rich Toscano]How many times does a guy have to be catastrophically wrong before people will stop listening to him?[/quote]
It would appear that, to the media, Alan Greenspan has no shelf date. As long as the mass media offers Greenspan a soapbox, a large percentage of the citizenry will assume that what’s coming out of his mouth is believeable. Sad, but oh, so true.
I’m not sure who is charged with finding and booking “experts” to appear on televised news media, but I would be willing to bet that it’s the unpaid 20 year-old intern.
What was NBC thinking? (Of course, that, in itself, is a broad assumption on my part) You have the guy who is considered to be responsible in large part for the financial mess……on your well-respected, widely-viewed Sunday morning news show to ask him about our current and future financial health??? Really? There wasn’t another economist, financial journalist, or econ professor available? Maybe if Greenspan would have been one of 3 or 4 economists on a panel, or if they had had Greenspan interviewed by a hard-hitting financial journalist (no, not Jim Cramer. Someone who actually knows something about finance.)
No, so long as the mainstream media (and, yes, I am including Fox News in this group) continue to book these leeches, advertise their appearances heavily, and lob softball questions at them, people in America will take it for granted that they’re experts, and worth listening to. It’s so much easier doing that than reading a number of sources, weighing the content of each against the other, and coming up with one’s own thoughts and opinions.
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