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Tag: Greenspan


White House / Shealah Craighead

Greenspan Admits Ideological Flaw

The former Fed chair told angry lawmakers on Thursday that after 40 years of buying into free-market ideology he had “found a flaw.” Rep. Henry Waxman told Greenspan “our whole economy is paying the price” because he ignored advice and resisted regulation.

Posted on Oct 23, 2008 READ MORE


Volcker
group30.org

Former Fed Chief: U.S. Already in a Recession

Former Federal Reserve Chairman Paul Volcker said Tuesday that the U.S. was already in a recession, despite the efforts of the U.S. government and other nations’ leaders to intervene. “I have seen a lot of crises but I have never seen anything quite like this one,” said Volcker, who headed up the Fed for eight years before Alan Greenspan took over in 1987.

Posted on Oct 14, 2008 READ MORE


Greenspan’s Legacy

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Posted on Sep 21, 2007 READ MORE


Greenspan Slams Team Bush in New Memoir

Alan Greenspan is no fan of the Bush administration or the once-dominant congressional Republicans.  In his new memoir, “The Age of Turbulence:  Adventures in a New World,” the former Federal Reserve chairman disparages the two groups for violating the GOP’s values on spending and small government. Updated

Posted on Sep 15, 2007 READ MORE


Despondent man
news.yahoo.com

Worst Stock Market Slide Since 9/11

The stock market Tuesday had its worst day since 9/11 as investors around the world began to lose faith in the U.S. economy. The Dow fell by 4.3 percent, and S&P estimated total losses at $632 billion. The development came only a day after Alan Greenspan warned of a potential recession.

Posted on Feb 27, 2007 READ MORE


greenspan
The Economist

Greenspan Forecasts Recession

Alan Greenspan used his powers of economic foresight Monday to caution Americans about a possible upcoming recession.  While the former Fed chairman stressed that he can’t accurately predict changes far in advance, Greenspan speculated that we may see a dip in the economy within the year.

Posted on Feb 26, 2007 READ MORE


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