- The Big Picture - http://www.ritholtz.com/blog -

Greenspan: Yield Curve ‘No Longer Useful’ Gauge Of Economy

Posted By Barry Ritholtz On November 3, 2005 @ 11:54 am In Economy,Fixed Income/Interest Rates | Comments Disabled

Federal Reserve Chairman Alan Greenspan announced in Congressional Testimony [1] today that the "yield curve was no longer a useful gauge of the economy."

Greenspan also downplayed the risk of big foreign holders of US Debt.

In related news, the Onion reported that upon retirement, Greenspan will be joining the Conference Board, [2] where he would be placed in charge of the Leading Economic Indicators [3].

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/11/greenspan-yield-curve-no-longer-useful-gauge-of-economy/

URLs in this post:

[1] Testimony: http://www.federalreserve.gov/BoardDocs/Testimony/2005/20051103/default.htm

[2] Conference Board,: http://bigpicture.typepad.com/comments/2005/08/even_more_lei_s.html

[3] Leading Economic Indicators: http://bigpicture.typepad.com/comments/2005/09/economists_name.html

Copyright © 2008 The Big Picture. All rights reserved.