FINANCIAL MARKETS HAVE to quit hanging on Alan Greenspan's every word. That's because the former Federal Reserve chairman's economic forecasting skills aren't always right.A review of some important events in recent economic history-such as the dot-com implosion in 2000 or the 1990 recession-shows that Greenspan has had some big misses.
November 14, 2006 at 12:00 AM
1 minute read
FINANCIAL MARKETS HAVE to quit hanging on Alan Greenspan’s every word. That’s because the former Federal Reserve chairman’s economic forecasting skills aren’t always right.
A review of some important events in recent economic history-such as the dot-com implosion in 2000 or the 1990 recession-shows that Greenspan has had some big misses.
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