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Posted on 6 November 2017 | 10:40 pm
Is a US Recession Simply Inevitable? - The
The National Interest OnlineIs a US Recession Simply Inevitable?The National Interest OnlineThen Fed Chairman Alan Greenspan took rates down to near zero in the early 2000s. The result in 2008 was a liquidity crisis that caused the annihilation of nearly half of the country's largest financial institutions. The key driver behind the financial ...and more »
Posted on 6 November 2017 | 4:43 pm
The root cause of China's financial
South China Morning PostThe root cause of China's financial fragility – according to its central bank chiefSouth China Morning PostZhou's pointed attack on the weekend comes months, if not weeks, before he is expected to step down from a job he has held since his opposite number in the United States was Alan Greenspan. He is credited with steering the country's robust economic ...and more »
Posted on 6 November 2017 | 4:04 pm
New York Chief's Exit Opens a Critical Role
TheStreet.comNew York Chief's Exit Opens a Critical Role at Federal ReserveTheStreet.comThe name most U.S. voters associate with the Federal Reserve is that of its chair, a role occupied in recent history by Alan Greenspan, Ben Bernanke and then Janet Yellen. Less visible but almost as important is the president of the central bank's New ...and more »
Posted on 6 November 2017 | 1:51 pm
US Growth Weakens After Fed Leadership
BloombergUS Growth Weakens After Fed Leadership Changes, History ShowsBloombergThe report also notes that the economy grew faster in the first year after Arthur Burns, G. William Miller, Alan Greenspan and Janet Yellen were appointed. “The historical pattern shown here might be merely a coincidence,” William Emmons, an economist ...3 things: Yellen's impact on the Fed and the US economyCharleston Post CourierFive questions Trump's Fed pick will faceThe HillDollars and Sense: Do we really have to use 'chair'?Fairfield Daily RepublicThe Straits Times -Valley Newsall 231 news articles »
Posted on 6 November 2017 | 9:19 am
When Buddy Holly was little, he insisted on getting on the stage with his uncle’s band and playing along with his fiddle. The unpleasant screeching caused the uncle to wax Buddy’s bow. Buddy could still play, but it didn’t bother anybody.
Posted on 13 April 2015 | 8:07 am
Rejection, repatriation and redemption in
Gillian Tett (Financial Times): "Do you think that gold is currently a good investment?" Alan Greenspan (private citizen): "Yes. Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it."
Posted on 28 March 2015 | 4:17 pm
The Labor Market Conundrum: The Cyclical and
Back in 2005, then Federal Reserve (Fed) Chairman Alan Greenspan mused on the failure of long term yields to rise, famously calling it a conundrum. Today, we face another mindboggling conundrum with equally significant investment implications
Posted on 24 March 2015 | 9:33 pm
What A Permabull Thinks Is The Biggest
Echoing the grave concerns of no lesser 'maestro' of manipulation than Alan Greenspan, Wells Capital Management's Jim Paulsen notes that while the U.S. stock market has risen by about 3 times from its crisis low in March 2009 ; much of this advance has been against a backdrop of disappointing productivity gains ... should productivity growth remain subpar, stock market risk seems to be rising ...
Posted on 24 March 2015 | 3:45 pm
The Unbearable Exuberance of China's
Chinese investors are acting as giddy as Americans were on Dec. 5, 1996, the day Alan Greenspan made his infamous "irrational exuberance" dig at markets. Here's what the country's securities regulator said Friday, the day the Shanghai Composite Index rallied to its highest close since May 2008: “Investors should be cautious about market risks,” the China Securities Regulatory Commission said on ...
Posted on 23 March 2015 | 8:45 pm
China is in trouble, but this is not yet a
The boom carried on for another two years. Many us had the same horrible forebodings in the white heat of the Asian financial crisis in July 1998, when hawkish Fed chief Alan Greenspan testified to Congress that he was far more worried about rising US ...
Posted on 27 August 2015 | 6:45 am
Fed needs to make a move
Heavy-handed government involvement in economies and markets carries risks. Former Federal Reserve Chairman Alan Greenspan's aggressive interest-rate easing policy helped fuel both the 1990s tech bubble and the housing bubble a few years later. His ...
Posted on 27 August 2015 | 6:42 am
Now’s the right time for Yellen to kill
It seems they still fervently believe in the “Greenspan put.” They assume that the Fed will always come riding to the rescue of the markets, as Fed Chair Alan Greenspan did so many times. You can’t blame them for believing that, because from 1987 to ...
Posted on 27 August 2015 | 3:31 am
What the Chinese stock bust and US
Though it was recently announced that productivity in the US rose 1.3% from the previous quarter, Alan Greenspan is worried about the collapse in productivity: “I think it’s the most serious problem that confronts not only the United States but the ...
Posted on 27 August 2015 | 3:19 am
Regan: Markets' wild ride to get even
Even Alan Greenspan recognizes the dangers of low rates — recently telling me that history proves rates will and must go up . . . and, when they do, it's "not good" for stocks. So, what's the Fed to do? We'll find out at the Fed's next meeting ...
Posted on 26 August 2015 | 3:35 pm
Greenspan blows the lights out at crisis
The power was out for 23 minutes at a hearing where Alan Greenspan denied responsibility for the financial crisis before a panel investigating its roots.
Posted on 7 April 2010 | 9:26 am
Ex-Fannie Mae execs try to defend track
Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company's decision to back riskier mortgages that fueled the housing bubble.
Posted on 5 April 2010 | 9:59 am
Ex-Fed chief says economic downturn's end is
Former Federal Reserve chairman Alan Greenspan says the economic downturn is not quite over but that the end is nearing.
Posted on 2 August 2009 | 6:52 am
McCain says he would fire SEC chairman
Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems, said Thursday he would fire the SEC chairman and create a special trust to help strengthen weak institutions.
Posted on 12 September 2008 | 6:27 am
Analysis: Bernanke Adopts Greenspan Tone
Fed Chairman Ben Bernanke borrowed a page from Alan Greenspan's crisis playbook when he promised emphatically to cut interest rates further if the weak economy needs the help.
Posted on 10 January 2008 | 2:16 pm
Resolved Question: Was I dreaming when
Alan Greenspan is probably more responsible for the global economic crisis than any other human being alive. @Doc: I'm aware Doc. Which is why most people of the people in those circles consider him a total hypocrite.
Posted on 12 October 2011 | 3:55 am
Resolved Question: Alan
What was his role when the internet bubble burst.And how internet bubble burst change the America.What were the after consequences. Was Henry Blodget responsible for internet bubble. Thanks in advance
Posted on 7 June 2011 | 4:02 am
Resolved Question: How complicit do you
Although Alan Greenspan had already been replaced as chairman of the Federal Reserve Board (in 2006) by the time the financial collapse of 2008 took place, there are some who believe he contributed to setting the stage for the collapse when he WAS chairman.
Do you think Greenspan has some of the "blood on his hands?"
Posted on 30 November 2009 | 5:01 am
Resolved Question: Is Alan Greenspan a two
''-- that gold and economic freedom are inseparable''
''But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline-argued economic interventionists -- why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely -- it was claimed -- there need never be any slumps in business. And so the Federal Reserve System was organized in 1913''
''The excess credit which the Fed pumped into the economy spilled over into the stock market -- triggering a fantastic speculative boom. ''
', statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression... (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed "a mixed gold standard"; yet it is gold that took the blame.)''
'the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.''
''new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.''
''In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ''
'The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.''
Don't tell me he just changed his mind because he was influenced by other writers.
I don't see how someone can go from believing in something so firmly and then abandoning it.
Posted on 15 September 2009 | 8:41 pm
Resolved Question: Did the Fed cause the
and he has "no regrets on any of the Federal Reserves policies that we initiated."
Read with CAUTION:
Let's see...Greenspan slashed the federal funds target from 6.5% in January 2001 down to 1% by June 2003. After holding rates at 1% for a year, the Fed then steadily ratcheted them back up to 5.25% by June 2006, (coincidence? I think not!) It led to speculative “malinvestments,” then needing a “recession” to correct.
Alan Greenspan had the regulatory authority to prevent the 8 trillion dollar bubble, but did nothing except reprimand his critics, ignore public interest and ENCOURAGED adjustable rate mortgages.
I think he belongs in jail...how about you? All good answers, you guys, it's going to be tough to pick a BA jdm- I'm with you, GREED is the root of the problem chris h- what time is the Revolution? sagaciousness-Greenspan should be renamed "GreenSPIN" Monday morning quarterback for sure!
Posted on 23 March 2009 | 9:17 am