charts are a guide, not prophecy. history always repeats itself, and human nature never changes, it deviates because no one knows all the ingredients at that time of future decisions.
Greenspan was the worst, I remember listening to every speech he made, he was the riddler and everyone loved him for it. one problem, he didnt even know the answers and was winging it. He later admitted he didnt have all the tools needed, they changed with the economy, and stated he should have came down with rates much sooner.
Even an idiot like me saw it happening, I still remember getting upset and complaining to others in 2007 that he did not bring down the rates again, what was he thinking. he was like a mindless robot more concerned about riddles and his young wife. He was a buffoon and the world paid for it. Paulson was right behind him.
BUT, now is the perfect time to make good on their bad, BAA and gold.
