Comments (6)

• budda

  that is a hefty fee for an ex civil servant ---

  i don't know why anybody would pay anything to hear what he has to say ---

  ask my mailman where the economy is going -- he is a civil servant and you will get the same insight for free--

  Published: February 9, 2006 3:26 PM

• Sestina

  The story about this that is making the rounds in the financial press is pretty good. Here's a version of it from thestreet.com:

  http://www.thestreet.com/_tsccom/markets/marketfeatures/10267592.html

  Lehman bond traders invite greenspan to give a closed door speech. Later, they tell everyone who will listen (in a stage whisper) that Dr. G is expecting the fed to keep raising rates. Bonds rally. Then presumably Lehman sells into the rally. If true, they got their money's worth.
  

  Published: February 9, 2006 4:15 PM

• budda

  I asked my mailman about the central bank-- his reply:

  "we all work for the government -- we all promote the States agenda -- taxation -- while we say we fight inflation we promote credit expansion at all cost -- that way inflation will push wages up over time -- helps execute the bracket creep---"

  i then asked: don't you worry the market will get wise to this inflation?? his reply ( before my dog chased him off the lawn )

  "nope--we produce the inflation numbers--if they get too high we just change what we measure---

  down at the post office we all know that the productivity surge of the last decade and globalization would actually have prices (cpi) falling 10% per year "

  --the govt you see promotes inefficiencies---and taxes people to pay for them= all for your good we say-- hey why is your dog growling at me "

  then he made a run for the mail truck == didn't cost 250k

  Published: February 9, 2006 5:20 PM

• J. H. Huebert

  I'm struck more by the economic ignorance of the Huffington Post's commenters than by the story. Yikes!

  Published: February 9, 2006 8:05 PM

• Xellos

  --"i don't know why anybody would pay anything to hear what he has to say "

  Because he's exceptionally good at saying absolutely nothing at great length while making it sound profound. This is a skill all sorts of high-level people associated with investment banks would give their right leg to possess. What better way to learn than direct exposure to the master?

  Published: February 10, 2006 2:36 PM

• SteamshipTime

  "Because he's exceptionally good at saying absolutely nothing at great length while making it sound profound. This is a skill all sorts of high-level people associated with investment banks would give their right leg to possess."

  And how. Lord knows they're not paying The Great Oz Himself to recommend his portfolio consisting entirely of US Treasuries.

  Published: February 13, 2006 10:11 AM