Cavuto on Greenspan

Cavuto on Greenspan

Al, how do we love thee

Here's why: Al is odd. There, I said it. I don't think he's that wise or his calls on interest rates that prescient. I don't think his observations are especially astute, nor do I find his warnings on the economy particularly clairvoyant.

But like I said, that's just me. And clearly I'm out of touch with the masses, especially the "in" masses. Official Washington loves Al. And Wall Street has practically canonized Al. Never mind he started raising rates too early the last cycle and started easing them too late in this cycle, investors and pros still cycle and recycle his economic musings as if he were the Delphic oracle.