Posts filed under “Federal Reserve”

Quote of the Day

Former Federal Reserve Chairman Alan Greenspan "raised eyebrows with several unusually frank remarks in an hourlong
discussion in front of 800 members of the Mass. Technology Leadership
Council."

Greenie told the audience that "Sarbanes-Oxley corporate governance rules enacted in 2002 had become a “nightmare” and should be scrapped as soon as possible."  The former Fed head said SarbOx "discouraged risk-taking and were driving foreign companies to shun the New York Stock Exchange for the lighter rules in London."

That is a major reversal; Greenspan had previously supported the Sarbox.

Jim Bianco was none too impressed with the former Fed chief, noting:

"Anything else, Dr. Greenspan, you would like to change your opinion
on? Maybe the productivity miracle? The fallacy of using corporate visibility as
a forecasting tool? The quit rate? The world awaits your next confession at
$150,000/hour."

-Jim Bianco of Bianco Research

 

>

Sources:
Greenspan unleashed

Brett Arends
Boston Herald
Monday, September 25, 2006 – Updated: 11:41 PM EST
http://business.bostonherald.com/businessNews/view.bg?articleid=159256

Et Tu, Greenspan?
WSJ.com/marketbeat
September 27, 2006 9:17 a.m.
http://online.wsj.com/article/SB115935934213875397.html

Category: Federal Reserve

As we wait for the Fed Announcement…

Category: Federal Reserve, Inflation

The Technical Dilemma

Category: Federal Reserve, Investing, Markets, Technical Analysis

Yellen’s Yelling

Category: Economy, Federal Reserve, Inflation

The Fed is Wrong on Core Inflation

Category: Federal Reserve, Inflation

Is a Housing Crisis Approaching?

Category: Consumer Spending, Economy, Federal Reserve, Real Estate

The Fed on Productivity & Inflation

Category: Economy, Employment, Federal Reserve, Inflation

Does the Bond Market Have it All Wrong?

Category: Data Analysis, Federal Reserve, Inflation, Markets

Balancing the Factors Impacting a Rally

Category: Economy, Federal Reserve, Markets, Psychology, Technical Analysis, Trading

House of Pain

Category: Consumer Spending, Economy, Federal Reserve, Real Estate