Stocks fall back on Greenspan's China warning.

MAC1

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Didn't Greenspan retire as Fed chairman. Does anyone have a problem with him still making comments despite stepping down. I tend to think he should be reserved knowing his comments could effect the market. But then again, it is his right to continue discuss economic issues. I suppose it's tough for him to simply ride off into the sunset considering his career as Fed chairman.

Stocks fall back on Greenspan's China warning.
 
Ugh. It's amazing how stupid sh!t influences our markets. Someone opens their mouth and stocks fall; a week of cold weather drives up vegetable prices. Some kid in Indonesia pisses on a toilet seat and gas prices skyrocket. Investors are such pussies.

Alan Greenspan said:
"In the last five years, the world as a whole is a growing faster than at any time in the world's history," he said. "It can't last and it won't last because it's a one-shot adjustment."

He's not wrong, there. When the Chinese stock market collapses, I expect there to be a civil war between hardcore Marxist/Maoists and new-age Chi-Coms after the economy collapses.
 

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