Greenspan

Greenspan sidestepped the minefield by adding a "math gap" spin to what has so far been a debate over wage gaps.

Fourteen of these "measured" rate rises were attributable to Greenspan and three to Bernanke, who replaced him in February 2006.

And yet what continues to drive much of the criticism of Greenspan is not so much his record at the Fed but his recent political commentary.

Mr. Greenspan said he thought the economy was gaining momentum, with the strongest signals of growth coming since the middle of last month.

Henry Waxman pushed Alan Greenspan for a more complete answer -- unlike the days when he was treated like a financial god.

That the package was prompted by a market rout, moreover, makes it a European "Greenspan put" .

When Mr Greenspan attacked currency predictors, he said the problem was that there was no single consistent model that worked.

Maybe it is time for Greenspan to revise his long-forgotten essay and turn it into a book; I guarantee it would be a best seller.

Norcom. 'When Greenspan was more admired, people walked in, looked at him and made positive comments about him, ' says Mr.

Alan Greenspan later commented how astounded he was that bank chiefs had not consulted shareholders' interests.

To be fair, Mr Greenspan did not argue that there were no bubbles, only that it was impossible to spot them while they were inflating .

No federal intervention was marshaled to try to stop them, but Mr. Greenspan has no regrets.

Mr Greenspan is, of course, right to say that "government regulation cannot substitute for individual integrity" .

The chairman of the Fed, Alan Greenspan, told Congress in February 2005 that this was a "conundrum" .

Mr. Greenspan said the risk of a bond-market crisis is so great that he favors raising taxes immediately.

And when Mr. Greenspan began to hear of a housing bubble, he dismissed the threat.

Mr Greenspan points out that there was a housing boom - he avoids using the word bubble this time - in at least 40 different countries.

The policies introduced by Alan Greenspan kicked in and the stock market furiously climbed the front end of the technology bubble.

One revelation is the extent to which Mr Greenspan says he did worry about and try to deflate both bubbles with early rate rises.

As Alan Greenspan noted in his Congressional testimony last week, he was "shocked" that markets did not work as anticipated.

Alan Greenspan has been derided for his naive surprise that bank boards did not act in the best interests of shareholders.

Greenspan said the debt will eventually constrain the U. S. economy and erode America's place on the world stage.

She was a famous author on the rise. Greenspan was a master of hitching his wagon to any horse on the move.

But lets leave the last word on this at least for the time being to Alan Greenspan.

According to John Taylor, Greenspan's low-interest-rate policies had been a major contributing factor for the present economic crisis.

Federal Reserve Board Chairman Alan Greenspan warned of "irrational exuberance, " but that did not deflate the dot-com stock market bubble.

"We're now in a state of fear, " is how Alan Greenspan, the former Federal Reserve chairman, described it at a conference this week.

As Alan Greenspan famously said, the ongoing global downturn is a "once-in-a-century type of event. "

But Mr Greenspan has distinguished himself in the financial world by acknowledging errors on his watch.

But, just as Napoleon's run of victories ended at Borodino, Mr Greenspan's ran out in the credit crunch.

Borrowing a page from the market-friendly script of the Greenspan Fed, Bernanke & Co. offered up a market-friendly action of its own.

As Greenspan kept up his effectiveness, financial markets became used to the effectiveness of his liquidity policy.

"We've got to resolve this issue before it gets forced upon us, " Greenspan said of the ballooning U. S. debt levels.

Why did Mr Greenspan, along with the rest of the world's regulators, fail to foresee that this could happen?

Alan Greenspan, the former US Federal Reserve chairman, recently said it was possible the economy might slip into a recession this year.

Greenspan said that Obama is very pragmatic. He did not compromise to the protectionists . Disability system protectionism will.

A look of quiet satisfaction came across Mr Greenspan's face as he answered: "European insurance companies. "

To understand Greenspan's firm and what it did, it is important to understand the role of the economic expert in an age of positivism.

In his remarks, Mr. Greenspan warned that the U. S. budgetary imbalance will worsen unless Congress curtails government spending.

Although Mr King did not refer directly to Mr Greenspan, he implied that Lord George's discretion set a good example.

From some of his statements Greenspan seemed fitfully aware of some of these problems ; yet he adopted policies that made them worse .

Mr Greenspan counters that that would not have been acceptable "to the political establishment" given the very low rate of inflation.

It was to be expected that Fed Chairman Alan Greenspan would strongly resist any such proposals.

Former Federal Reserve Chairman Alan Greenspan points out that, recently, bank borrowing costs began to fall as capital levels rose.

Mr Greenspan admits that if China stopped buying dollars and switched its holdings into euros "it would move the long-term Treasury rate. "

Mr. Greenspan and Mr. Rubin were "joined at the hip on this, " he said.

Alan Greenspan is driven off through the muggy afternoon, back to descend into the depths of his beloved data mines.

Anticipating such a crisis is "more than anybody is capable of judging, " Mr. Greenspan said.

If the best experts were not able to foresee the development, "I think we have to ask ourselves, 'Why is that? '" Mr. Greenspan said.

This year, Alan Greenspan, the Fed chairman, referred to the low level of bond yields as a "conundrum" .

However, Mr Greenspan made only a brief formal statement on the economy and was cautious in his comments.

Greenspan has urged Washington lawmakers and policymakers to stand aside and let the economy heal on its own.

Recently, for another piece of research, Greenspan was searching for the definition of what constitutes an aircraft wing in the US.

Alan Greenspan, then Federal Reserve chairman, was stunned by an unprecedented seizing up of capital markets.

"Well, Brooksley, I guess you and I will never agree about fraud, " Born, in a recent interview, remembers Greenspan saying.

Austerity is better than raising taxes in closing the U. S. budget deficit, Greenspan said.

It wasn't personal: He also was the lone vote against Alan Greenspan 's confirmation for his final term leading the central bank.

On Wall Street, this asymmetric approach came to be known as "the Greenspan put" .

I don't need to tell you how the story of Greenspan ends. His world came crashing down around him.

During his trip, Mr Greenspan visited the Bank of England's monetary policy committee.

As remarkable as it may seem today, Greenspan was not interested in economics or banking or any technical field.

Mr Greenspan lauded the fact that risk had been spread, using complex derivative instruments.

Breakfast or tea with Greenspan and his wife, NBC correspondent Andrea Mitchell, carried an estimated value of 5, 000 dollars.

Mr Greenspan had faith that banks were prudent enough to make sure they were not lending money cheaply to people who could not pay it back.

Then there are worries about Mr Bernanke's credibility. Wall Street is still getting used to the shift from Alan Greenspan.

Mr Greenspan says fraud is a matter "for the attorneys-general of the states" , not the Fed.

It was exactly what President Bush and Chairman Greenspan had hoped would happen. But it led to something they never expected.

Mr. Greenspan's office said the former Fed chief 'regrets he won't have the time to comment. '

All dropped the ball at some point, yet when it came to the economy, Greenspan was perhaps the country's most influential figure.

Most economists now agree that Greenspan, as chairman of the U. S. Federal Reserve, kept interest rates too low for too long.

Just as Burns became Greenspan's model, Mises had become Rothbard's model.

One patron who had paid Ms. Crowe $10, 000 for a Greenspan asked her to paint Mr. Bernanke.

Former Federal Reserve Chairman Alan Greenspan describes the current financial crisis as a once-in-a-century credit tsunami .

"The Age of Turbulence: Adventures in a New World, " by Alan Greenspan is two books in one.

The crisis has restored the legitimacy of the state: bankers have been dethroned, Alan Greenspan defrocked and economists exposed.

One might say that he was the Greenspan of his day.

She painted one of the portraits on live television when Mr. Greenspan retired. It fetched $150, 400 for charity in an online auction.

Mr Greenspan is unimpressed by the rejoinder that inflation expectations look to be quite firmly anchored at low rates.

Over lunch, in his private dining room at the stately headquarters of the Fed in Washington, Greenspan probed their differences.

The accolades bestowed upon Alan Greenspan ahead of his retirement on January 31st have a strong scent of irrational exuberance.

What Greenspan did was commodify his own pandering ways and sell them to a culture hungry for illusions.

Let me say a few words about Greenspan's connection to Ayn Rand.

Mr. Rubin and Mr. Greenspan implored her to reconsider, according to both Mr. Greenberger and Mr. Levitt.

not too long ago , when greenspan was about to speak , the entire world financial market stood still with full of nervousness.

The treatment was a striking contrast with one of Mr. Greenspan's last appearances before Congress as Fed chairman, on Nov.

American media noted that Greenspan should apologize to the U. S. rather than astonishment.

And that includes making them safer from the collateral damage of Alan Greenspan's irrational exuberance for risky financial technologies.

One of the biggest proponents of this view was Alan Greenspan.

Greenspan has defended his actions, saying it is not the role of central bankers to target appropriate asset-price levels.

I got scouted by Mitchell Gosset, (my agent--CESD) and my first manager, Harriet Greenspan formally with Gem Entertainment.

Predictably , the Bush administration triumphantly paraded Greenspan's main message around Washington and buried the qualifications .

Mr Greenspan's analysis of the fragilities within finance, and his specific proposals, echo today's policy consensus.

In an interview, former Fed Chairman Alan Greenspan said government intervention can create moral hazard.

For Mr. Greenspan ( "I still do not understand exactly how it happened" ), this is a moment of intellectual anxiety.

Since the outbreak of the financial crisis, Greenspan has been roundly criticized.

The primary reason for such insane levels of leverage was, of course, the extreme moral hazard encouraged by the Fed under Mr. Greenspan.

Alan Greenspan, who would later become chairman of the Federal Reserve, was part of this group.

Mr Greenspan says it is impossible to anticipate crises and regards such a regulator as "ill-advised" .

When the paperback version came out this year, Mr. Greenspan wrote an epilogue that offers a rebuttal of sorts.

Alan Greenspan, in the paperback edition of his memoir, due out next month, makes a similar argument.

There was a telling moment in 2005, at a conference held to honor Greenspan's tenure at the Fed.

They had a similar background and upbringing, Greenspan of German-Jewish heritage and Rothbard of Russian-Jewish heritage.

Greenspan and two other current and former U. S. officials, faced tough questioning from lawmakers in a congressional hearing.

Report regulators have criticized former Federal Reserve Chairman Alan Greenspan and his successor Ben Bernanke.

But as Greenspan revealed in his 1966 article called "Gold and Economic Freedom, " he actually knew the truth.

In 2004, Alan Greenspan dismissed talk of a housing bubble: "a national severe price distortion, " he declared, was "most unlikely. "

Alan Greenspan warned them four years ago. So did the Chairman of the Council of Economic Advisers to the President.

Mr Greenspan was half right. Financial engineering can indeed spread risk and help the system work better.

In recent months, as the financial crisis has gathered momentum, Mr. Greenspan's public appearances have become less frequent.

"Greenspan is of marginal interest as a prognosticator now. "

Former U. S. Federal Reserve Chairman Alan Greenspan was the clear winner, picking up 35 percent of the votes.

"Regulators can still pretend to provide oversight, but their capabilities are much diminished and declining, " admits Greenspan.

According to this theory in which Greenspan placed his trust, unregulated markets produce the best possible result.

Only history will be able to judge the different approaches of Greenspan and King.

One of Greenspan's initial acts in 1987 was to petitionCongress to deregulate the financial services trade and remove theGlass-Steagall Act.

Greenspan ought to use his own example as a test case.

When he gets on the theme of statistics and research, Greenspan relaxes and becomes almost expansive.

Sure, everyone from former Fed chairman Alan Greenspan to your friends and neighbors played a role in stoking this casino culture.

Let's take a closer look. Were there any mistakes or perverse policy patterns during the Greenspan era?

But the virtues of finance do not make Mr Greenspan right about regulation.

One should not exaggerate Mr. Greenspan's influence - both good and bad- over the economy.

Not anymore. For that, Greenspan & Co. may still be worth toasting.

In Mr Greenspan's telling, central banks were innocent and impotent bystanders in a global macroeconomic shift.

Many economists contest Mr Greenspan's version of the relationship between globalisation and inflation.

The first is Greenspan's account of dealing with the bubble of the 1990s stock market.

The dotcom and housing bubbles led to a reappraisal of Mr Greenspan's career.

"Where Mr Greenspan bears responsibility is his role in ensuring that the era of cheap interest rates created a speculative bubble. "

If Greenspan was the dreary undertaker, Rothbard was the happy warrior.

A few stray pictures of Alan Greenspan, the former Fed chairman, still hang on pillars nearby.

Even Alan Greenspan, who supported the tax cuts as chairman of the Federal Reserve, has publicly opposed their extension.

He founded a consulting company, Townsend-Greenspan and worked for the National Industrial Conference Board.

Reno was a chemistry major, Greenspan studied music and Martin earned a degree in philosophy.

Until now Mr Greenspan had been " gung ho " for using the budget surpluses to reduce the federal debt, so why the change of heart?

Others have criticized Mr. Greenspan for not disciplining institutions that lent indiscriminately.

Alan Greenspan called once, saying, no matter what, he wanted Buffett to stay.

Mr Bernanke and his predecessor, Alan Greenspan, argued before the crisis that bubbles are hard to identify before they burst.

Last month Mr Greenspan's successor Ben Bernanke told Congress that the economic outlook is "unusually uncertain" .

The biggest risk of all may be that we have come to rely on Greenspan too much.

Mr Greenspan warned that the US budget imbalance will worsen unless congress curtails government spending.

Alan Greenspan, the former chairman of the US Federal Reserve, expected the markets to self-regulate in their own interests.

That used to be Mr Greenspan's view of the US housing bubble.

Greenspan will leave an economy in shambles and a lifetime of pandering.

Former Federal Reserve Chairman Alan Greenspan has called them one of the most important financial instruments around.

Mr Greenspan warned that without a proper banking sector fix, the $787bn fiscal stimulus would give only short-term relief.

A few weeks ago, Alan Greenspan warned against the megamergers (n. ) in the banking industry.

Mr. Greenspan said rates on 30-year fixed-rate mortgages drove the housing boom, not the overnight lending rates the Fed controls.

Share prices slipped briefly after Alan Greenspan spoke of the dangers of "irrational exuberance" at the end of 1996.

Mr Greenspan practised the liquidity sorcery for two decades at the US Federal Reserve without causing inflation.

Mr Greenspan's analysis of the fragilities within finance, and his specific proposals, echo today's policy consens us .

The report blamed Greenspan for financial institutions to implement its allies can "self-monitoring" thinking.

A few years ago, the "Greenspan put" kept US interest rates too low for too long to support the equity market.

Tea with Greenspan and his wife, NBC correspondent Andrea Mitchell, was going for $11, 000, according to the its web site.

Alan Greenspan, the previous Fed chairman, has one answer: a new, separate body to deal with bank rescues (see article).

A few weeks ago, Alan Greenspan warned against the megamergers in the banking industry.

Entering a second after me is Alan Greenspan, former chairman of the US Federal Reserve.

When Alan Greenspan was chairman of the Federal Reserve, he monitored several unusual measures.

In Greenspan's view, free market capitalism is the economic approach that "trumps" other forms attempted thus far in human history.

The Age of Turbulence, by Alan Greenspan.

We've long cursed deities for our suffering Alan Greenspan is no exception.

Mr Greenspan said deflation was "a pretty scary prospect and one that we certainly want to avoid" .

If Dodd-Frank helps make finance simpler and smaller, the world should be grateful, even if Mr Greenspan is not.

Many argue that Mr Greenspan, who succeeded Mr Volcker, created the conditions for both bubbles and subsequent collapse.

In 2000, Alan Greenspan, the former Federal Reserve chairman, said explicit regulation of OTC derivatives transactions was "unnecessary" .

The mainland markets sailed through similar bearish comments made this year by both Alan Greenspan and Li Ka-shing, Asia's richest man.

Mr. Greenspan warned that too many rules would damage Wall Street, prompting traders to take their business overseas.

In Mr Greenspan's eyes, these global forces are largely market forces, unleashed by global economic liberalisation.

Mr. Greenspan said capital requirements should be set to erase any such benefits for big companies.

Mr. Greenspan's reputation subsequently was tarnished by the financial crisis.

Until Mr Bernanke pledges a decisive break with Mr Greenspan's legacy, his confirmation for another four years should be put on hold.

However, Mr. Greenspan's departure could well mark a high point for America's economy, with a period of sluggish growth ahead.

Greenspan blamed his own bad judgment on a theory.

Greenspan blasts President Bush for not vetoing a single spending bill until nearly six years into his presidency.

"as soon as the US this financial crisis becomes by Greenspan hundred years to meet" , obviously crisis's degree is serious.

Too many investors and bankers have outsourced risk measurement to the likes of Mr Greenspan and Mr Bernanke.

The style is clear, with few echoes of the magisterially ambiguous "Fedspeak" for which Mr Greenspan was renowned when in office.

Greenspan was called "maestro" for driving world economy a continuous development.

Alan Greenspan, former chairman of the Federal Reserve, was not even getting into his stride at 60.

Ms. Born's views incited fierce opposition from Mr. Greenspan and Robert E. Rubin, the Treasury secretary then.

Greenspan's first decade or so in office was also marked by a series of potential disasters.

And the European Central Bank called hedge funds a major risk to world markets. Yet Alan Greenspan had praised for hedge funds.

Both Mr Greenspan and Mr McCain subsequently issued "clarifications" .

Greenspan noted some economic positives: recent declines in oil prices and as well as in U. S inflation.

LIFELONG libertarian, Alan Greenspan does not ordinarily advocate giving the government more power.

But the crisis has made assertions like Greenspan's seem, well, a little exuberant.

But the biggest gap between Mr Greenspan and conventional wisdom lies in the role of monetary policy in causing the crisis.

Thus, Prof Taylor believes the Fed made a mistake under Alan Greenspan's leadership.

Former Fed Chairman Alan Greenspan denied that a national housing bubble was even possible, since housing was not a single national market.

A. , M. A. , and Ph. D. in Economics from New York University. In 1954, he co-founded the economic consulting firm Townsend-Greenspan & Co.

Mr Greenspan is more certain than ever before that central banks should not try to burst bubbles once they begin to inflate.

But, as Mr Greenspan now concedes, even these sophisticated investors got things badly wrong.

Mr Greenspan recognised it when he spoke about "irrational exuberance" in 1996.

But resistance to regulation went deeper than Mr Greenspan's ideological objections.

It seems like Alan Greenspan is still in charge.

This is Mr Greenspan's attempt to set the record straight.

'Knowing when the crisis will happen is not possible for human beings, ' Mr. Greenspan said.

Last week, the House Committee on Oversight and Government Reform called Alan Greenspan to hearings on the financial crisis.

Mr Greenspan mused on the inherent inflexibility of financial regulation.

The Golden Palm for best short-movie was awarded to Bean Cake, by young American director David Greenspan.

Consider the performance of Alan Greenspan, the recently retired Fed chairman.

Greenspan appears to think. What we need is accountability, not perfection.

Today the jokes about Greenspan are no longer flattering.

The problem should have been evident from Mr Greenspan's own analysis.

Under Alan Greenspan, the central bank encouraged and facilitated greater use of debt throughout the economy.

Mr. Greenspan agreed, and let the tech-stock bubble run its course.

"In a market system based on trust, reputation has a significant economic value, " Mr. Greenspan told the audience.

Investors lovedMr Greenspan, who over the years defused a string of financial crises.

But remember, not that long ago Mr. Greenspan was Fed chairman and John Snow was Treasury secretary.

Mr. Greenspan also defended his legacy, saying he had answered his critics with facts.

Greenspan urges limited regulation for several reasons.

Atlanta Olympic official film - Atlanta's Olympic Glory(Bud Greenspan).

Through his office, Mr Greenspan declined to comment for this article.

Mr Greenspan's comments came as President Barack Obama signed into law the $787bn fiscal stimulus in Denver, Colorado.

In 1997, Greenspan wed NBC television journalist Andrea Mitchell at a ceremony in Washington.

The credibility that Paul Volker brought to the Fed was exploited by Greenspan who kept pumping money to solve economic problems.

Greenspan sought to be top of the heap.

But its independence, as Mr Greenspan notes, is not engraved on stone.

Mr Greenspan says this "insolvency crisis" will end only when home prices in the US begin to stabilise.

Politicians used Greenspan as what Sheehan calls their "air-raid shelter. "

When Alan Greenspan became the Fed Chairman, the inflation expectation was low.

When Greenspan retired five years ago, his reputation seemed unimpeachable.

Brian McAnaney, a lawyer in Stamford, Conn. , bought an early Greenspan painting by Ms. Crowe at a charity auction way back for $300.

On the one hand, former Federal Reserve chairman Alan Greenspan tells us the Chinese equity market is about to collapse.

The Greenspan "put" , the promise of rate cuts, has now crystallised into Paulson's more explicit bail-out.

During the decade from 1995 to 2005, then Federal Reserve chairman Alan Greenspan overreacted to several shocks to the economy.

Greenspan became Fed chairman on Aug. 11, 1987, when he was picked by President Reagan to succeed Paul Volcker.

And what of all the clever and misused wizardry of modern finance? Mr Greenspan was half right.

We are at the last stage of the Greenspan bubble.

Alan Greenspan, the former chairman of the US Federal Reserve, has said that "his view of the world, his ideology, was not right" .

Alan Greenspan noted that the economy has been expanding since 2001 and says there's no signs the cycle is coming to an end.

"If you have this exclusion and something unforeseen happens, who does something about it? " he asked Mr. Greenspan in a hearing.

In fact, I'd argue that aside from Alan Greenspan, nobody did as much as Mr. Gramm to make this crisis possible.

Mr Greenspan also expressed concern about the limited impact of stimulus measures.

But others hold a starkly different view of how global markets unwound, and the role that Mr. Greenspan played in setting up this unrest.

All will then be solved when, as Mr Greenspan himself believed, the world goes back on to gold.

We've come a long way from the days when Alan Greenspan declared a national housing bubble "most unlikely. "

He shared precisely my concerns, as did Alan Greenspan, who was then the Fed chairman.

But for foreigners, if not for the Chinese themselves, it looks like Greenspan's "massive contraction" has already begun.

Many reputations have suffered in the credit crunch, and few more so than that of Mr Greenspan.

[25] Greenspan warned of "large double digit declines" in home values "larger than most people expect. "

And Alan Greenspan obliquely makes the same point today in the Financial Times.

Former Fed Chairman Alan Greenspan said it's the most intense in more than half a century.

Even Alan Greenspan, the former Fed chief, has felt compelled to comment on the effects of a possible bubble in China.

Greenspan, revered in China as an economic mastermind, planned no public comments during his visit, officials said.

This factor kept the wages of white-collar workers down during Mr Greenspan's reign.

Mr. Greenspan, he deadpans, 'is not on everybody's A-list. '

But the new Fed chairman's market value can't compare with Mr. Greenspan's at his peak.

Mr Greenspan has shamefacedly admitted it. Mr Brown has yet to do so.

"Greenspan resorted to debt creation and budget deficits to bring demand and supply into balance, " he says.

On December 3, I had a one-on-one meeting at the Governor's Mansion with Alan Greenspan, chairman of the Federal Reserve Board.

By 2006, US debt had exploded to $43 trillion as a gigantic credit bubble created by Greenspan swelled.