What did Mr. Greenspan say to you today?
Are you on ‘solid footing’? Did you catch his talk of ARMs and other ‘relatively exotic’ loan packages out there? Do you remember what he told you just a few months, maybe a year ago? Does something seem off to you?
What does it all mean?
Well, I will tell you my own view on this. Between froth and ‘exotic’ Mr. Greenspan is worried. As he sits at that Federal poker table, with his game face on, you have to look through what he says. It all points to worry. He is the captain of the industry of all industries; he is our John D. Rockafella, but on crack and 1000s of times more powerful… and he is worried. Are you?
Do you see the solidity around you?
Are you on ‘solid footing’? Did you catch his talk of ARMs and other ‘relatively exotic’ loan packages out there? Do you remember what he told you just a few months, maybe a year ago? Does something seem off to you?
What does it all mean?
Well, I will tell you my own view on this. Between froth and ‘exotic’ Mr. Greenspan is worried. As he sits at that Federal poker table, with his game face on, you have to look through what he says. It all points to worry. He is the captain of the industry of all industries; he is our John D. Rockafella, but on crack and 1000s of times more powerful… and he is worried. Are you?
Do you see the solidity around you?
