Investors are in Denial about China
Back in 2009, as China unleashed a massive fiscal stimulus and investment spree in response to the global financial crisis, the rest of the world was all too willing to believe the impossible.
However, as with so many previous bouts of irrational exuberance, this time wasn’t really different. The ruthless rules of supply and demand still applied. And now, the longer that painful decisions are delayed, the harder they’ll become.
Bernie Sanders Grills Alan Greenspan: Sanders Predicts Wall Street Collapse (10/1/1998)
Bernie Sanders Confronts Alan Greenspan in 2003, tell Alan Greenspan what it’s like for the American people. He was right then and he’s right now.
Bernie Sanders Grills Alan Greenspan: What Will You Do About This? (2/11/2004)
Greenspan Says I Still Dont Fully Understand What Happened 2008
SEN. SANDERS GOES OFF ON BERNANKE_ 03/03/09
Bernanke won’t admit which banks got 2.2 Trillion dollars 2.2 trillion of dollars in loans from the Fed. Bernanke won’t tell him. He’s also angry that banks that get tax payer funds for nothing, are charging credit card customers 25% interest. Also discusses A.I.G. and who got those credit Defautl swaps. He also demands to know why Bernanke didn’t raise the alarm when the Bush Administration was claiming the economy was sound when it obviously wasn’t.
Alan Greenspan – Fed Controls Stock Market: Irrational Exuberance – inner circle of Ayan Rand
Alan Greenspan says “Trickle Down” Reaganomics failed
Alan Greenspan’s Apology
Now, with China’s economy slowing and the prices of everything from oil to metals plummeting, the bills are coming due. The rest of the world needs to face up to some new realities. Producers around the world haven’t faced up to the new normal. Companies and countries alike need to face up to their own irrational exuberance. Failing to address the global supply glut only increases the risk of a larger correction.