Time present and time past
Are both perhaps present in time future,
And time future contained in time past.
If all time is eternally present
All time is unredeemable.
What might have been is an abstraction
Remaining a perpetual possibility
Only in a world of speculation.
What might have been and what has been
Point to one end, which is always present.
Are both perhaps present in time future,
And time future contained in time past.
If all time is eternally present
All time is unredeemable.
What might have been is an abstraction
Remaining a perpetual possibility
Only in a world of speculation.
What might have been and what has been
Point to one end, which is always present.
BURNT NORTON
[No. 1 of ‘Four Quartets’ by T.S. Eliot]
How could I let my all purpose layered econograph go another day without adding the Stock Market? I chose to add "the Real DOW" which is the Dow Jones Index divided by the CPI-U [to correct for Inflation]. I’ve added a CRIME SCENE tape to show where the dirty deed happened. As the Recession of 1992 [UNEMPLOYMENT] abated, Greenspan only raised the INTEREST RATE to approximately 5-6% [which is way low]. While Inflation [CPI-U] didn’t go up, the Stock Market [REAL DOW] headed towards the Venus and home values [CASE SHILLER INDEX] began their unprecedented climb towards Mars. Now that’s Inflation, and a real call to "tighten" the monetary supply instead of leave it "loose." During that same period, Greenspan blocked Brooksley Born‘s attempts to regulate Derivative trading.
As much as I love blaming Republicans for everything bad that happens, the truth is that the blood is on Alan Greenspan‘s hands, and it happened on Bill Clinton‘s watch…
I too like to blame republicans, or I used to at least. But ten years after the Clinton admin. you can see the majority of damage, lead up to the financial crisis occured under Clinton.
Rubin as Treasury secretary, the parabolic rise of consumer debt and the CFMA paved the way for the meltdown. It couldn’t of happened w’o Clinton. I now see Clinton as an arrogant prick after reading this: Clinton told an enraptured audience that Irish people were lucky — the lights came on at night, the toilets flushed, the government worked and they lived in homes they did not have to build themselves, whereas in some countries he visited people had none of these things. Ireland would be “just fine,†he said
http://www.globalpost.com/dispatch/ireland/101002/irish-economy-crisis