Alan Greenspan: No Longer An American Idol?

Posted In: Central Banks, Federal Reserve

It sure is funny how Wall Street and investors around the world used to fixate on former Federal Reserve Chairman Alan Greenspan. Every word, every action of the economist was scrutinized to no end as if correctly deciphering it would mean untold riches. Conducting this process was all the more impressive considering the man spoke in a language which came to be known as Greenspeak. And when the markets were down or a financial crisis reared its ugly head? “No problem,” said those on The Street, “The Maestro will fix it.”

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“Scapegoat?”

Nowadays, the line forms out the door when it comes to the number of critics of the once-revered economist. And just what is it that everyone’s so angry about? Plenty, Adam Kritzer would say in “6 Ways Greenspan Caused the Current Economic Crisis,” which appeared on CurrencyTrading.net back on May 1. Someone suggested the piece to me, and I’m passing it along as well.

You can access Kritzer’s article here.

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