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"
Forex bureaus sell $1 at GH¢12.80, GH¢10.80 on interbank market as of February 1
As compared to yesterday's trading of a buying price of 10.7945 and a selling price of 10.8053. At a forex bureau in Accra, the dollar is being bought ...
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Naira stable at forex markets amid new note scarcity - Premium Times Nigeria
The official window opened at N461.50 and closed at the same rate but had $85.04 million posted as foreign exchange turnover recorded within the ...
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Best forex brokers in February 2023 - Yahoo Finance
Trillions in currency are zipping around the world, making foreign exchange markets the world's most active.
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Guide to Maximize Profits with AUD Forex Trading in Australia - Financial News
Forex trading is a popular investment choice in Australia, with the Australian dollar (AUD) providing an attractive option for Australian Traders.
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Forex: J$154.10 to one US dollar - Jamaica Observer
Forex: J$154.10 to one US dollar. '. Jan 31, 2023 7:11 pm. '. KINGSTON, Jamaica' The US dollar on Tuesday, January 31 ended trading at J$154.10 ...
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Rupee Vs Dollar: Rupee gains 8 paise to 81.80 against US dollar in afternoon trade
Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened at 81.76 against the dollar, registering a rise of 12 paise over its ...
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Intra-day update: rupee maintains positive momentum against US dollar - Markets
The Pakistani rupee maintained its positive momentum against the US dollar, appreciating 1.07% in the inter-bank market on Wednesday.
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Oil Prices Mixed Amid Weakening US Dollar | Business Post Nigeria
Oil prices were mixed on Tuesday despite drawing support from a weakening US Dollar, with Brent futures contract down by 37 cents to $84.53 per ...
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Rupee gains 12 paise to 81.76 against US dollar ahead of Union Budget
On Tuesday, the rupee depreciated by 36 paise to close at a three-week low of 81.88 against the US dollar after the Economic Survey 2022-23 said ...
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