Wednesday, November 02, 2005
The more I know, the more I don't...
After reading that the Fed is raising interest rates for the 12th time in the last 17 months, I realized that I am very worried that when Alan Greenspan dies, nobody is gonna be able to fill his place. I don't even know why I care--I don't understand anything about what he does. I just get this feeling that he's one of those guys who is the only person in the world who knows how to do his specific job. Inflation this, quarter-percent raise that. May as well be aldkfa a;dhfasdh. Wha? And that is a golden effing example why I am afraid of the day ol' Al croaks. So I am just going to go back to not knowing anything about whatever it is he does and leave the worrying to the people who have money.
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Agreed that I totally am lost when it comes to that kind of stuff, but apparently the guy tapped to take his place has been well-received. In fact, Wall Street saw a great day when his successor was announced (can't remember his name).
Big Boi would be better suited to explain this one...
Big Boi would be better suited to explain this one...
Screw the Fed Chairmen. They're all going to heaven. But seriously, Greenspan has controlled this economy since 1987. Granted he has done some stupid things while he's been fed chairman (i.e. continuously raising interest rates in 1999), but he has consistently kept our economy from going into the shitter. I have no clue about the new guy, but the fed governors are all geniuses on the same level as Greenspan, except Susan Schmidt Bies. That fat bitch couldn't determine the price of a toaster, let alone determine national monetary policy. She was the one who refused to lend the FASB's credence to the rules the AICPA wanted to adopt with respect to GAAP. Everyone tell Susie thanks for letting Enron happen. Otherwise, don't worry about the Fed. It'll be fine.
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