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Greenspan Put |
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Greenspan Put A term coined in the late 1990s describing Federal Reserve chairman Alan Greenspan's loose monetary policy. Throughout this period, Greenspan and the Fed kept interest rates rather low to encourage growth in the stock markets. Investors assumed from this policy that stocks would continue to rise and, thus, they could enter long positions and sell them at a higher price on or before a certain date, creating a put option in practice, if not in contract. While this was likely not the intent of the Federal Reserve at this time, investors used this investment strategy anyway. See also: Irrational exuberance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| And Bernanke put himself at odds with the administration recently by resisting its plan to create a consumer protection agency for risky financial products, arguing that those responsibilities should stay with the central bank. Chairman Bernanke put forward a rule that adhered to the principles of my bill, and 56,000 Americans expressed support for the rules, the largest comment response ever. Ben Bernanke put his weight behind mounting calls for a second government fiscal stimulus programme to reduce the risk of a 'protracted slowdown' in the world's biggest economy. |
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