Re-thinking Alan Greenspan

Alan Greenspan, like the US dollar, was for a long time believed to be almighty. But CFCÆs chief strategist argues his actions and inactions have had huge implications for the global financial system, some very negative.

The Fed Chairman has made several critical miscalculations and missteps since 1999 that have exacerbated, if not actually triggered, many of the woes the United States and global economy are currently experiencing.

Not that fiscal policy has helped, but the Fed's lack of coordination and inappropriate actions have buffeted the US economy to the precipice of depression. One could argue that many of the mistakes attributed to Chairman Greenspan are not within the purview of the Federal Reserve or the banking industry. However, unlike his unceremonious predecessors, Chairman Greenspan by the virtue of a nearly deified public persona - he has shaped public opinion and affected public policy on a myriad economic issues....

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 1 article per month from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Share our publication on social media
Share our publication on social media