Monday, September 15, 2008

I Want to be Alan Greenspan

Do not be anyone but yourself , my dad told this when I was 8 and I told him I ll be Staffy Graph.

Trust me I have at least listened to this one thing of his words.

But for the past few years and mostly over the last few months I have been following the global markets and cant help but wonder how and what this man Greenspan, would or would not say sends ripples across the finance world; and by extension effects millions of nobodies like me.

With the falling stock markets and increasing food prices I was wondering, how to increase my savings... and a cabbie just informed this afternoon that the oil prices might come down, I was definitely elated .Thinking in my usual Maybe Style.....Maybe I could get a house....Maybe I can buy a convertible.....and Maybe the Oil prices would go down....(Yes yes , I'm sure you half of you folks would stop reading this and pronounce me mad, but the cabbie was my subject - matter - expert)... I came home only to read on Yahoo! That some old man in the US thinks that "US is in a once - in - a - century financial crisis " and that "there is less than 50% chance of escaping the recession" and that there would be a huge impact on the global economy.I really hate this man , he had no right to spoil my reverie.

I could not help but think of the one comment by Greenspan ,in the early lat year , which said there are signs of recession , considering the US sub-prime figures .This of course was ardently opposed by the Fed.You must watch the Interest Rate markets that day , the point is .... Its always fascinating to watch the markets hang on every word Alan says and then go berserk over it.Its quite amazing to see one single human being such an expert in money matters.Hope he rights a book on How to 100 fold your savings .And I just cant help wondering HOW out of billions and zillions of human beings this man has the power to understand , analyse and predict our economic future, how much did he work and study for this, how much did he sacrifice to be The Alan Greenspan , how many hours a day does he work for , did hid relationships work or suffer, is he normal like me , you or us................



Huhhhh I think its time to defy my dad yet again , Sorry Dad but I want to be Alan Greenspan