The Strategist
The long view, patient, analytical, playing several moves ahead.
Alan Greenspan reads as The Strategist because for eighteen years as Federal Reserve Chair he worked at the intersection of analytical precision and high-stakes decision-making, translating extraordinarily complex economic signals into policy moves that shaped the global economy. His method was distinctive: absorb vast data, strip it to what actually mattered, then act with measured conviction.
“Okay, it was just a wonderful opportunity for me to be able to ask Mr. Greenspan this question. And it took place a couple of months ago in Baltimore at an event put on by Agora Economics Roundtable 2017. And basically they invited Mr.”
“Not only were they sitting on him, they were accumulating them. During that 24-month period, the foreign central banks in the trade surplus countries, they created the equivalent of 1.5 trillion U.S. dollars. And 70% of that was invested in US dollars. So that's roughly $900 billion in two years that they created.”
“By the central banks of the trade surplus countries like China's central bank, the PBOC, and the Bank of Japan, and the other countries that have large trade surpluses with the United States. Because between the year 2000 and 2014, they created the equivalent of $10 trillion.”
“Way to go in terms of how much government debt the US could take on. So I said Japan has 250% government debt to GDP. The US GDP is approaching $19 trillion. That suggests the U.S. government can borrow and deficit spend another $19 trillion, let's say over the next 10 years, before it even hit 200% government debt to GDP.”
The David Rubenstein Show: “Alan Greenspan”
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