They called it the ''Greenspan put,'' and it reassured a generation of traders. If economic storms were gathering, the top central banks -- most important the Federal Reserve, then led by Alan Greenspan -- could and would step in to prevent disaster. Because the traders effectively had a put option, they could safely bet that the markets would...
The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe's single currency is coming apart at the seams. How did it all go so wrong? Well, what I've been hearing with growing frequency from members of the policy elite --...
WASHINGTON -- The 2008 financial crisis was an ''avoidable'' disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry. The commission that investigated the crisis casts a wide net of blame, faulting two administrations, the...
Alan Greenspan (født 6. marts 1926 i New York, New York, USA) er en amerikansk økonom. I perioden 11. august 1987 til 31. januar 2006 var han USA's nationalbankdirektør. Den 18. maj 2004 blev han af George W. Bush udnævnt til en hidtil uset femte periode som chef for den amerikanske centralbank.
Greenspan ansås af mange som den førende autoritet og nøglespiller, hvad angik USA's indenlandske økonomiske politik.