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StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826

Strategy Driven

This combination of high yield and seemingly low risk sparked a credit boom. “The judge the lawyer the doctor the clergy the widow the trustee of orphans all fell into the common vortex of investing in these bonds,” Life and Fire Insurance Company director Jacob Barker wrote in a letter in 1827.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

It’s clear that he thinks he’s gotten both too much credit and too much blame, but he has also developed an interesting theory – that good central bank performance actually breeds bubbles and crashes. I used to discuss the issue at the Fed, “What do we get by being very successful in forecasting?” But that’s the true cost.