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Monthly Archives: June 2008

Fed Flap: When in doubt, blame it on Greenspan

Greenspan, `Master of Garblements,’ Fares Poorly in Book on Fed –Blooomberg
None of these chairmen comes off well here. Greenspan, “the master of garblements,” fares the worst. His “skill in presenting imprecise, sometimes near-meaningless, conflicting, yet learned-sounding views won him over-the-top adulation for his insights and abilities,” Auerbach writes.
These evasions and deceptions allowed Greenspan to [...]

Fed Flap: When in doubt, blame it on Greenspan

Greenspan, `Master of Garblements,’ Fares Poorly in Book on Fed –Blooomberg
None of these chairmen comes off well here. Greenspan, “the master of garblements,” fares the worst. His “skill in presenting imprecise, sometimes near-meaningless, conflicting, yet learned-sounding views won him over-the-top adulation for his insights and abilities,” Auerbach writes.
These evasions and deceptions allowed Greenspan to [...]