Alan Greenspan is a famous American economist, he served as Chairman of the Federal Reserve Bank (United States os America) from 1987 to 2006. Greenspan attended New York University, where he earned a B.A. degree in economics, and an M.A. degree also in economics. He became chairman of the Board of Governors of the Federal Reserve (The Fed) on August 11, 1987. Two months after his confirmation Greenspan said immediately following the 1987 stock market crash that the Fed "affirmed today its readiness to serve as a source of liquidity to support the economic and financial system"

In autumn 2001, as a reaction to the September 11 attacks and various corporate scandals which where severly affecting the economy, Greenspan initiated a series of interest cuts that brought down the Federal Funds rate to 1% in 2004. On May 18, 2004, Greenspan was nominated by President George W. Bush to serve for a fifth term as chairman of the Fed. Immediately after leaving the Fed, Greenspan formed an economic consulting firm called Greenspan Associates LLC. And ever since, he's been an active voice in the economy, in 2007, Greenspan stated that there was a bubble in the U.S. housing market, warning in 2007 of "large double digit declines" in home values "larger than most people expect." Lately, Greenspan spoke at length on the troubles in the current bond market. When asked if there was any concern regarding financial stability, he responded, "It's obvious that you ought to be looking at the price/earnings (P/E) ratio in bonds to income. We get very nervous when the stock price index goes to high P/E. We ought to be somewhat nervous when the bond rate does the same"

Latest news on Greenspan & the Economy

'We don't have 3m' - Arsenal fans question club's finances for James Rodriguez loan move
Arsenal fans may feel as if they have little to shout about right now. Stan Kroenke has decided to limit the club's transfer budget, transfer guru Sven ...
>> Read more here

Legislative Coffees And School Finances
To better inform our patrons in the district about school finances, I will begin this month and every month moving forward with a new section called ...
>> Read more here

Shutdown taking toll on finances of federal workers
The federal shutdown is beginning to take a toll on the finances of many workers who are going on a month without pay. 'The longer this goes on, the ...
>> Read more here

Australians care about their finances, but don't do anything about it
'From little things, big things grow' is a well-known maxim applied to nearly anything that takes time and effort. And while Aussies evidently care about ...
>> Read more here

How Much Money Do You Need to Make to be "Rich"'
... think you're rich if you're making $10,000-a-year. 3. And finally, 2% of people think you're "poor" even at $100,000-a-year. Tags: Rich · Money ...
>> Read more here

MONEY MAKEOVER SHOW 1-16-2019
MONEY MAKEOVER SHOW 1-16-2019. January 16, 2019 - Podcasts - no comments - Print This Post. Hosts: Jamie Keys, Toni Navarre, and Doug ...
>> Read more here

Obama and the economy
Obama economy
Putin and the economy
Putin economic
Greenspan Economics
Alan Greenspan economics
The FED and the economy
Federal Reserve economy
International Monetary Fund
IMF economics
World Bank & the economy
World Bank economy
Deutsche Bank
Deutsche Bank economy
European Union economy
European Union economy
China economy
China economy
NAFTA and the economy
NAFTA and the economy
GOLD in the economy
GOLD in the economy
SILVER in the economy
SILVER in the economy