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Greenspan Put |
Also found in: Wikipedia | 0.07 sec. |
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Greenspan Put A colloquial term used to describe the actions of the Chairman of the Federal Reserve Board in preventing significant and sustained market downturns. Notes: This expression makes reference to regular put options purchased by investors as insurance against drops in the price of a single security. The "Greenspan put" is the psychological insurance that investors have against total market drops. The belief is that the Federal Reserve will interfere with regular markets if they experience significant downward trends. 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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? Mentioned in | ? References in periodicals archive | |
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| As Federal Reserve Chairman Alan Greenspan put it in congressional testimony in early 2004, "The problem that exists is because they have a subsidy, granted not by the Congress but by the expectation that government will bail them out in the event of a crisis. But given their track record in predicting prices, it's not clear why Greenspan puts so much faith in them. In a speech he gave in March 2002, Federal Reserve Board Chairman Alan Greenspan put the issue in a nutshell. |
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