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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  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.
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:
 Testimony: http://www.federalreserve.gov/BoardDocs/Testimony/2005/20051103/default.htm
 Conference Board,: http://bigpicture.typepad.com/comments/2005/08/even_more_lei_s.html
 Leading Economic Indicators: http://bigpicture.typepad.com/comments/2005/09/economists_name.html
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