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Alan Greenspan, hardcore biker

Finally, bikes and current events in the same post! On, Morgan Stanley economist Andy Xie writes that the global economy has settled into a "motorcycle model":

The US consumer and the Chinese investor are like two wheels of a motorcycle. The fuel for the motorcycle is dollar liquidity from the Fed.

Alan Greenspan, the Federal Reserve's chairman, is essentially riding this motorcycle. He sticks dollar bills into the fuel tank from time to time to keep it going.

...What has occurred since 2000 is Greenspan has stuck too much money into the fuel tank and the motorcycle has become overheated. This world needs to rest.
Yeah, and change the oil, check the tires, and replace the brake pads while we're at it.

Actually, by spreading democracy through the Middle East, I guess you could say we are "changing the oil".


Anonymous said...

I don't know about you, GB , but I think Greenspan is the no-helmet type! 

Posted by Langtry



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