The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff. -Jim Bianco

 

The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff.


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This quote is just one of 9 total Jim Bianco quotes in our collection. Jim Bianco is known for saying 'The problem with the Greenspan Fed is that it has been a 'make it up as you go along' Fed. There is no philosophy with Greenspan. He changes his mind about all of this stuff.' as well as some of the following quotes.

It's about the stock market, not about the economy.

Jim Bianco

At some point, we will see the returns come back to bonds to compete with stocks. But it doesn't look like it's September or October of '97 for the moment. It looks like that's still a way's off.

Jim Bianco

The volatility that we've had in the stock market is higher than we've been accustomed to over the past several months. We've now finally broken into the range where the moves are greater than 1 percent, but as long as they're not 2 percent or 3 percent, we're not in that range where you would start to call them extraordinary.

Jim Bianco

No one has a feel for where the bottom is. The bond market is in a holding pattern waiting to see what the stock market does.

Jim Bianco

One thing to understand about interest rates is that they're bad in both directions. Having rates at an extreme low is bad. By encouraging them to go further, the Fed only makes it worse.

Jim Bianco