August 27, 2005
OR IF AN ASTEROID HITS:
Greenspan Cites Economic Risks For Consumers (Nell Henderson, August 27, 2005, Washington Post)
Federal Reserve Chairman Alan Greenspan warned Friday that recent gains in U.S. home prices, stock values and other forms of wealth may be temporary and could easily erode if long-term interest rates rise.
He just can't figure out how to get them to rise in the midst of global deflation. Posted by Orrin Judd at August 27, 2005 12:01 AM
Comments
He'll figure it just in time to effect the next election. He's no better than any of the other media camp followers.
Posted by: erp![[TypeKey Profile Page]](http://brothersjuddblog.com/nav-commenters.gif)
at August 27, 2005 7:18 PM
Wouldn't long-term rates rise, if short-term rates were lowered enough to cause inflation concerns ?
Of course, that would also cause the U.S. dollar to fall against other world currencies, which has its own problems - and benefits.
Posted by: Michael Herdegen at August 28, 2005 12:39 AM
The Fed's sole mission is to fight inflation--it isn't going to cause it intentionally.
Posted by: oj at August 28, 2005 8:31 AMArthur Burns did.
Posted by: jim hamlen at August 28, 2005 10:48 PM