Exactly 21 years ago, in a speech delivered on 5 December 1996, then US Fed Chairman Allan Greenspan
used the term "irrational exuberance" to warn investors that the spectacular rally in stock prices during the period could potentially signal that global stock markets were overheating.
Exactly 21 years ago, in a speech delivered on December 5, 1996, then US Fed Chairman Allan Greenspan
used the term 'irrational exuberance' to warn investors that the spectacular rally in stock prices during the period could potentially signal that global stock markets were overheating.
25% perpetuating what Allan Greenspan
has called a "conundrum," the perplexing phenomenon where the Treasury has resiliently remained low despite rising rates.
During the years since the creation of the TC, Paul Volcker and Allan Greenspan
, both Trilateralists, have managed the nation's economic life as chairmen of the Federal Reserve.
We need a visionary for the nutraceuticals industry--think about what Bill Gates is to the computer industry or what Allan Greenspan
is to the financial industry.
Si, claro: es Allan GreensPAN
, no podria ser GreensPRI.
Another impact on that day of trading was favorable comments from the usually cautious Federal Reserve Chairman, Allan Greenspan
, about an economic soft landing that the market interpreted as a cease-fire on the fight on inflation through interest rate hikes.
But this forecast is contradicted by a June 1995 statement by US Federal Reserve Board chair Allan Greenspan
predicting that the economy could shrink marginally.
Just last fall, Fed Chairman Allan Greenspan
warned the banking industry that it remained an open question whether current loan standards were adequate.
seemed to indicate that the recent slowdown in the economy's rebound, especially in job growth, was merely a temporary affliction, a prediction many in real estate agree with--but not without an air of caution.
Asi, en el ambito de la actual crisis asiatica, es dificil pensar que algunas economias puedan evitar las consecuencias negativas de la misma; ello independientemente de su nivel de desarrollo; el propio presidente de la Reserva Federal de Estados Unidos, Allan Greenspan
(AG) advirtio recientemente que Estados Unidos no podra aislarse de la crisis asiatica, ya que "dada la amplitud de la inevitable desaceleracion en el crecimiento de esa area en el mundo, el avance de nuestras exportaciones tendera a disminuir en intensidad; ademas, habra un efecto via Japon", aunque AG preve que el impacto total de la crisis en Estados Unidos sera relativamente limitado por la fortaleza que ha tenido su economia en los ultimos siete anos.