The Maestro

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The Maestro

Date: 6.24.26

PAX: Frostbite, Spicoli, Greenspan

As promised, Conspiracy-attending pax were treated to a history of Alan Greenspan’s career.  Greenspan is arguably the most influential central banker in modern history.  The workout covered different stages of his life and career.

Warmarama

  • 3 Abe Vigodas
  • 6 Whirlies
  • 19 Mountain Climbers
  • 26 SSHs
  • 3 Burpees
  • 6 Dive Bombers
  • 19 Jack Reachers
  • 26 SSHs

Greenspan was born March 6, 1926, in New York City.

Block 1: The Economist (Playground)

Complete:

  • 19 Merkins
  • 77 Squats
  • Run one lap around playground

Then:

  • 19 Step-Ups (DC)
  • 77 Seal Claps

Greenspan earned his PhD in economics from Princeton University in 1977.

Block 2: Fed Chairman (Intimidator)

Travel ~87 yards between each stop.  At each stop, perform:

  • 8 WW2s
  • 7 Burpees

Greenspan became Chairman of the Federal Reserve in 1987 under Ronald Reagan.

Block 3: Black Monday Crash  (Back Down to West End)

  • 22 Merkins, 6 Star Jumps

Within two months of taking over, Greenspan faced the largest one-day stock market crash in U.S. history on 10/19/1987.  The market lost 22.6% of its value on that single day.

Block 4: Irrational Exuberance (1996) –(Pilot View)

At the bottom, perform:

  • 19 Dive Bombers and 96 Mountain Climbers (SC)
  • Run up a block to Carolina
  • 19 H-R Merkins and 96 Michael Phelps

In December 1996 Greenspan famously warned of “irrational exuberance” in the stock market.

Block 5: The Maestro Years (Intersection of Pilot View & Jersey)

Mosey up to Jersey.  Perform:

  • 18 Hand-Release Merkins and 50 Flutter Kicks (double count)
  • Run back down

He remains one of the longest-serving Fed Chairs in history, clocking in at 18.5 years.

Block 6: Interest Rate Roller Coaster

Federal Funds Rate Ladder

Turn left on Jersey.  At each utility pole (~10 poles total) on the right until we reached Summit, perform:

  • 1 Dive Bomber
  • 5 SSHs

Greenspan’s term on the Federal Reserve saw the Fed Funds interest rate move between roughly 1% and 5% during major economic cycles.

Block 7: Retirement Year (2006) – Run back to playground

  • 20 Pullups
  • 06 Burpees

Greenspan retired in 2006 after leading through multiple administrations representing both major political parties.

Cash-Out (Mary)

“The Money Supply”

19 Flutter Kicks (DC)

+ 26 American Hammers (DC)

(1926 birth year)

Then, Captain Thor (WW2 + 5 double-count American Hammers) until time.

Finished.

_______________________________________________________________________________________-

Prayer Requests:

  • Bevo’s family as they had a tree go through their kitchen ceiling on Monday.
  • Frostbite’s brother (and all who are) going through substance abuse/addiction.
  • Morning Glory (pax at Project Cornerstone / Samaritan’s Ministry).

Announcements:

  • Spicoli is keeping the keys and Qing Urban Assault.
  • YHC has the WIB Q tomorrow. Digging into the archives for some inspiration.

NMM:

  • Spicoli, honoring his HC, and Frostbite both pulled into the lot with time to spare. Frostbite emerged proclaiming, “You don’t know how close I was to turning back over in the bed.”
  • This would not have been fun to do alone, so YHC Is thankful that those two showed up today.
  • “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design and control.” That quote from the original Greenspan in one of YHC’s favorite quotes.  The man lived a remarkable life.
  • Spicoli, a math wizard, asked, “What was he doing prior to 1977?”  He was actually a jazz musician who had attended the Juilliard School.  Connections through music then led to him landing a role in the Nixon administration on the Council for Economic Advisors.  Source: https://graboyes.substack.com/p/from-saxophone-chair-to-federal-reserve
  • His musical background coupled with his presiding over the Federal Reserve during a long period of economic health resulted in him being nicknamed The Maestro.
  • His reputation is admittedly tarnished by the housing crisis of 2008, but that is, in YHC’s opinion, at least equally a result of Congress failing to do its job.

Thanks for the keys, F&B.  As usual, I left them on Pilot View.

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