posted on December 9, 2000 06:23:56 PM
Here's something that I never paid much attention to before now: How did Alan Greenspan get his job as chairman of the Fed, and is he likely to be ousted after the new President takes office?
I follow economic news more closely than the intricate legal/political wranglings, yet I never considered where Greenspan came from... perhaps, like Athena, he sprang full-grown from Zeus' forehead, equipped with wisdom and power?
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not SilkMoth anywhere but here
posted on December 9, 2000 06:43:51 PM
............his term has 3 more years to go.......... the only way he won't resume his duties is to be pushing up daises.
There is speculation that he will LOWER interest rates for the next quarter based on the dismal state of our economy and the DOWNTURN in manufacturing and orders.
posted on December 9, 2000 07:05:28 PM
dejavu, thank you, knowing that he will be around for a few more years is reassuring.
I've been watching for years the deft way he has been handling the economy. The man appears to be a wizard, and I wish I had one-tenth the knowledge of economic forces that he does.
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not SilkMoth anywhere but here
posted on December 10, 2000 04:35:30 AM
Maybe he does, but he has tried to act thoughfully.
The IMF in my opinion has way too much power. They bounce around the globe doing crazy things and precipitating financial crises nearly everywhere they go. The Asian financial debacle a few years ago was their fault. Asia is just starting to climb out of that trench.
