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ECONOMICS SECTION

'Printer' Alan Greenspan's Legacy Will Be Judged By Facts Such As These - In Due Course....

Posted: Friday 03 February 2006 - Economics Section


If you've got more money in your pocket, stocks are up and your property has increased in value (or just tracked house price inflation is another way of looking at it) it's hard to say life is bad.

Alan Greenspan therefore retires will a ratio of about 9:1 in favour of his reign. But it's facts and figures such as the 'Household Cash Less Liabilities' in the chart below that have a good chance of coming back to haunt him.

Of course, in the accompanying article on ContraryInvestor.com it reports that figures such as this are believed to be meaningless by the economists of the world. But then a great quote comes from the legendary investor John Neff -

"Imbalance or abnormality is never so dangerous as when it is widely perceived or accepted as being normal." John Neff

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