So here are three major factors that contributed to ourcountry'sworld's current financial misfortunes: prolonged periods of historically low interest rates (even negative real interest rates), the complete deregulation of such derivatives as credit default swaps, and encouragement from Washington that the inflated housing boom was nothing to worry about. It's rare that you can pin so many large factors on one person, but, well, former Fed chief
Alan Greenspan Admits Minor Fault To Congress!
Alan Greenspan Admits Minor Fault To…
Alan Greenspan Admits Minor Fault To Congress!
So here are three major factors that contributed to ourcountry'sworld's current financial misfortunes: prolonged periods of historically low interest rates (even negative real interest rates), the complete deregulation of such derivatives as credit default swaps, and encouragement from Washington that the inflated housing boom was nothing to worry about. It's rare that you can pin so many large factors on one person, but, well, former Fed chief