Yellen's Fed Cavalry Low on Ammo as Global
WJXT JacksonvilleYellen's Fed Cavalry Low on Ammo as Global Concerns SpreadBloombergThis time, the Federal Reserve may not be able to ride to the rescue. Alan Greenspan played the hero when Russia last rocked the world economy back in 1998. With three well-timed interest rate cuts, the Fed chairman restored order to financial markets ...The Fed prepares to take a "considerable" stepFXStreetall 426 news articles »
Posted on 16 December 2014 | 11:59 am
Junk Bond Selloff Is a Warning for Retirees
Junk Bond Selloff Is a Warning for Retirees Who Reached for YieldTIMEYellen's mid-summer warning on asset prices was reminiscent of the former Fed chief Alan Greenspan's “irrational exuberance” comment regarding stock prices in 1996. Few listened then, either. It turns out that the Greenspan warning was way early. But ...and more »
Posted on 16 December 2014 | 3:02 am
On This Day In 1996, Alan Greenspan Made His
Business InsiderOn This Day In 1996, Alan Greenspan Made His Famous Speech About ...Business InsiderBut Friday, or rather December 5, is a momentous day in the history of monetary policy. On this day in 1996, then-Federal Reserve chairman Alan Greenspan made his famous speech wherein he asked if "irrational exuberance" had begun to play a role in the ...Problem With Irrational Exuberance: It Can Make You RichBusinessweekall 3 news articles »
Posted on 5 December 2014 | 11:27 am
Alan Greenspan: To prick or not to prick:
BusinessweekAlan Greenspan: To prick or not to prick: that is the question.ForexLive (blog)Alan Greenspan: To prick or not to prick: that is the question. December 4th, 2014 20:34:37 GMT by Eamonn Sheridan View Comments. To prick or not to prick: that is the question. Alan Greenspan, former Fed chair, in full soliloquy mode speaking today …Greenspan Says He Would Pre-Empt Asset Bubbles Financed by DebtBusinessweekIt Is Extremely Painful Waiting For Bubbles To BurstBusiness Insider Australiaall 7 news articles »
Posted on 4 December 2014 | 12:45 pm
Even Greenspan Is Saying, 'Buy Gold' -
Even Greenspan Is Saying, 'Buy Gold'Seeking AlphaAlan Greenspan has always understood gold, and so, as a Fed chairman who printed huge amounts of fiat money, he knew very well that he was destroying American liberty and justice for all. So in my view, Greenspan's actions were nothing less than ...and more »
Posted on 27 November 2014 | 10:35 am
DON’T WORRY: The Next Dotcom Crash Won’t
Flickr/Allan Holmes In December 15 years ago the dotcom crash was a few weeks away. Veterans of that fiasco may notice some familiar warning signs this festive season. Bankers and lawyers are being priced out of office space in downtown San Francisco; all of the space in eight tower blocks being built has been taken by technology firms. In 2013 around a fifth of graduates from America’s leading ...
Posted on 20 December 2014 | 12:04 pm
Yellen’s Patience Echoes Greenspan 2004
Federal Reserve Chair Janet Yellen is taking a page from predecessor Alan Greenspan’s 2004 playbook, a step that appears to validate the expectations of investors who expect interest-rate liftoff in June 2015.
Posted on 18 December 2014 | 2:59 pm
Mastering the Art of Financial Backtalk
Alan Greenspan has popped back into the limelight and confirmed some of my worst fears (not that they needed much confirming). Here’s a recap of statements Greenspan made at the New Orleans Investment Conference:
Posted on 12 December 2014 | 8:36 am
S&P 500 delivers seventh straight weekly
A surprisingly strong US jobs report for November powered US stocks to another record performance, with the S&P 500 registering its seventh straight weekly gain. Instead, the week saw the S&P add 0.4 percent to a new closing record of 2,075.37, and the Dow Jones Industrial Average picked up 0.7 percent to a fresh mark of 17,958.79.
Posted on 5 December 2014 | 5:46 pm
On This Day In 1996, Alan Greenspan Made His
Friday saw a blowout jobs report. But Friday...
Posted on 5 December 2014 | 11:26 am
What Should Investors Expect in 2015?
Almost a decade ago, then-Fed chairman Alan Greenspan remarked in congressional testimony about the “conundrum” of global interest rates declining even as the Fed was raising short-term rates. Indeed, as we noted in a previous piece, the trajectory of ...
Posted on 22 December 2014 | 4:32 am
The Indiana Jones of collapsed cultures: Our
Perhaps, as Alan Greenspan recently suggested, we need to look to anthropology to see the really long-term trends. I ask Demarest, given his study of the fall of societies, what are the lessons we should take away for our own system. His answer ...
Posted on 22 December 2014 | 1:23 am
What will happen to these celebs in 2015?
To have jokes fed to him intravenously… Tom Cruise, who normally only comes up to a ladyfriend’s chest, swears to come up there more often… And chatty Alan Greenspan, always good for a juicy quote, when asked if America’s in an economic slump ...
Posted on 21 December 2014 | 4:21 pm
Betting on the Natural Gas Boom
That's quite a turnaround. As recently as 2003, then Federal Reserve chairman Alan Greenspan was warning that shortfalls in domestic gas production would damage the economy, and he urged more imports as the solution. Now, the special terminals that were ...
Posted on 21 December 2014 | 2:50 am
Credit Doesn't Care At All What The FOMC
The stock market takes off in holiday celebration of the FOMC being even less clear than it really has been in some time; perhaps going all the way back to Alan Greenspan's intentional mush. Equity "investors" are happy that the Fed may be happy about the ...
Posted on 21 December 2014 | 2:43 am
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 | 10:55 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 | 11:02 am
Resolved Question: Am I right in thinking
What is the age span between these two?
Posted on 27 May 2011 | 10:03 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 | 1:01 pm
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 16 September 2009 | 3:41 am