Fred Sheehan

Contributor since: 26 Feb 2010

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• Groveling at the Fed: Greenspan and Bernanke

  Published 15 January 2010 | viewed 3,025 times

  Federal Reserve Chairman Ben S. Bernanke gave a speech on January 3, 2010 that was incomprehensible. The address itself will be discussed later. It is…

• Senate to Bernanke: "In the Name of God, Go!"

  Published 02 December 2009 | viewed 4,136 times

  On December 3, 2009 the Senate Banking Committee will hold a hearing to vote on Federal Reserve Chairman Ben Bernanke's nomination to serve a second…

• Clowning Around

  Published 16 May 2008 | viewed 3,233 times

  It is said that artists speak for the ages. In 1951, Pablo Picasso described the end of our age when interviewed by Giovanni Papini: "From…

• Oh, Magoo, You've Done It Again!

  Published 18 March 2008 | viewed 5,863 times

  Alan Greenspan's instinct for self-exculpation reached new heights in the March 17, 2008, Financial Times. In "We Will Never Have a Perfect Model for Risk,"…

• The Absent-Minded Doctor

  Published 30 January 2008 | viewed 4,116 times

  The Wall Street Journal: All three of your clients -- Pimco, Deutsche Bank, and now Paulson -- were bearish early on housing and mortgages. Is…

• From Too Big to Fail to Too Big to Care

  Published 22 January 2008 | viewed 3,705 times

  Alan Greenspan's confirmation hearing as Fed chairman has been addressed in two previous contributions (May 21, 2007 Help Wanted: A Leading Contrarian Indicator and July…

• While Humpty Dumpty Sat on a Fence

  Published 21 December 2007 | viewed 3,482 times

  IN THE DEC. 12, 2007, WALL STREET JOURNAL, Alan Greenspan warned readers that the mortgage crisis was "an accident waiting to happen." This was already…

• Greenspan Was Never a Republican - He Was an Opportunist

  Published 08 October 2007 | viewed 3,076 times

  Ex-Federal Reserve Chairman Alan Greenspan has discovered the Republicans fall short of his standards. He is finding it difficult to break a smile on his…

• Currency Devaluation and House-Swapping: A Symphony in Two Movements

  Published 06 September 2007 | viewed 5,225 times

  An insidious contribution of currency devaluation is the destruction of work habits. This was true in the 1970s; it is obvious today. In the disco…

• America's Beggar-Thy-Neighbor Policy

  Published 20 August 2007 | viewed 4,449 times

  Weaker minds in the U.S. Senate are determined that China revalue its currency. Up, up it must go, in relation to the dollar. Leaving aside…

• Inflating the Substitution Effect

  Published 09 August 2007 | viewed 4,957 times

  Inflation is reported -- and thought of -- as the percentage increase in prices or the declining value of money. This is visible. But it…

• Alan, We Hardly Knew Ye

  Published 20 July 2007 | viewed 5,140 times

  In June 1987, Alan Greenspan was nominated to succeed Paul Volcker as Federal Reserve chairman. Greenspan's nomination hearing was held on July 21, 1987. With…

• A Brief, Superficial, and Arbitrary History of Property-Price Collapses

  Published 19 January 2007 | viewed 6,154 times

  The Anderson Forecast team at UCLA might restore one's hope that academic economists fulfill a productive function. Having disparaged the California housing boom through its…