What Alan Greenspan Has Learned Since 2008
Harvard Business Review
JANUARY 7, 2014
In fact I think the evidence probably is conclusive that a necessary and sufficient condition for a bubble is a prolonged period of economic stability, stable prices, and therefore low risk spreads, credit-risk spreads. Look, we were and we still are pilloried for lowering the federal funds rate in 2003.
9 
Let's personalize your content