Will Greenspan Ever Stop Lying?

24 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Will Greenspan Ever Stop Lying?</h1><p>May 24 (LPAC) -- Former U.S. Federal Reserve chairman Alan "Bubbles" Greenspan warned of a coming "dramatic contraction" of the Shanghai stock markets, in speaking to a Madrid teleconference yesterday, the Shanghai Daily reported. Greenspan's remarks triggered fears of a repeat of last February's events, where a fall in China's stock market preceded falling markets worldwide.</p><p>But the real issue, as Lyndon LaRouche pointed out this morning, is that the Japanese now know how the London-linked hedge funds are wrecking the world's economy, and they are ready to curtail the "yen carry-trade" in order to curb those hedge funds. Similarly, February's China stock-market decline brought world markets down only because it was linked to a drop in that yen carry-trade, better called "carrion trade."</p><p> <i>Agence France Presse</i> today quoted Japanese Forex dealer Yoshifumi Suzuki of Hachijuni Bank reacting to the situation, saying: "Although we don't expect shares to plunge, we are still concerned about what might follow in the coming weeks. The sudden plunge in global markets caused the yen carry trade to unwind rapidly. Investors are worried this could happen again and so we are very attentive. If Chinese shares fall, this could pull down Japanese shares and could influence the unwinding of the yen carry trade," he said.</p></div></body>