In an appearance at the National Association of Realtors Alan “Pale Recession” Greenspan responded to a somewhat ironic suggestion (given his audience) that critics who said his easy central bank policies had inflated the housing bubble had a point:
“I respectfully disagree, they're wrong… I think there is a recalibration of financial history that I find very puzzling” (link)
The artist formerly known as Maestro also:
- predicted that the economy could handle a further 5% decline in house prices
- found it puzzling that sliced bread rather than chow mein was given so much credit
- was confident that Chairman of the House Financial Services Committee Barney Frank would win the Miss America crown in 2010 at a canter.