Stocks fall back on Greenspan's China warning.

[MAC1]

Didn't Greenspan retire as Fed chairman. Does anyone have a problem with him still making comments despite stepping down. I tend to think he should be reserved knowing his comments could effect the market. But then again, it is his right to continue discuss economic issues. I suppose it's tough for him to simply ride off into the sunset considering his career as Fed chairman.

Stocks fall back on Greenspan's China warning.

 

[formerknown]

Ugh. It's amazing how stupid sh!t influences our markets. Someone opens their mouth and stocks fall; a week of cold weather drives up vegetable prices. Some kid in Indonesia pisses on a toilet seat and gas prices skyrocket. Investors are such pussies.

"In the last five years, the world as a whole is a growing faster than at any time in the world's history," he said. "It can't last and it won't last because it's a one-shot adjustment."

He's not wrong, there. When the Chinese stock market collapses, I expect there to be a civil war between hardcore Marxist/Maoists and new-age Chi-Coms after the economy collapses.