Alan Greenspan's economic outlook

[@twinklesparkles2983]

You have to admit this guy is an expert. I am just starting to learn about the stock market so I am going to watch more of his videos to learn all I can. I think I need some more background information so that I can more closely follow his lectures.

[@sharmabliss2495]

He is on the third level of the divine!

[@Mongnlloyd]

Tolgar Anuvien

[@rangeyer]

This is economics 101. I thought Greenspan would've talked about something more advanced than this at a lecture for the economist.

[@rangeyer]

I rescind my last comment. The speech got much better towards the middle and end.

[@TheMrfreedomrequired]

So you gave an opinion before hearing the entirety of his speech......how liberal

[@TheMrfreedomrequired]

But honestly hes a scum bag.......

[@rnunezb]

He must pay for his crimes, he and all of his family.

[@dakotadak100]

Pardon my ignorance, but what crimes?

[@Bmayo27]

Agree or disagree; either way, that is one smart dude.

[@normanoro206]

This was an interesting discussion. The numbers Greenspan brings up at the end regarding labor union membership threw me a bit. His point ultimately is a good one; labor as a percentage of COGS and probably overhead expenses is falling, which drives up net income. This is an evolution in the mix of inputs rather than a reflection of business confidence. And although higher profits should boost business confidence, it doesn't necessarily impact the number and quality of opportunities for investment. As for executives of publicly-held companies choosing short-term EPS over NPV, that's intriguing, unsurprising and somewhat disappointing. However, from a practical standpoint, it makes sense; and may bolster the notion of uncertainty driving muted investment in long-lived assets. Most NPV analyses rely on assumptions about the future state of the world. The greater the level of uncertainty, the less useful NPV analyses (and forecasts in general) become. Also, as a c-level executive, I'd be wary of any project that might lessen my pay or, worse yet, get me fired, even if its expected NPV is high and the business environment is predictable/stable. Even more so if the future is highly uncertain and sensitivity analysis reveals wildly divergent payoffs. If my compensation is based on (and my performance is judged by) EPS (or share-price or something else), that's the number I'll tend to fixate on, quite possibly to the detriment of my company. By the way, I'm certain Greenspan's thought of this, but the movement away from heavy industry in the United States and many other OECD countries has probably played some role in lessening investment in long-lived assets in general.

[@emetts2112]

Ill tell you how the government can get funded. Put a 1% sales tax on the 1.5 quadrillion dollars of derivatives. Tax Wall street turnover. The government would get about a trillion dollars a year to work with

[@gscash]

If most of the money is debt created and only allowed to be created as interest bearing debt, isn't this all a waste of time? That's problem the banks only want you to do it their way. You can create money without creating more debt, but most people don't seem to understand that or seem to want to.

[@zcadwresx]

ASMR voice @_@

[@thetvp2008]

Fascinating speech for anyone with a sufficient mental or fiscal databank. Nay sayers probably have not and will not study Economics or Financial products and services. His 2013 Book is truly insightful and inspiring.

[@kathybeech15]

Inspiring he’s a crook a clever one at that he was the one who regulates the banks