Greenspan: Yield Curve 'No Longer Useful' Gauge Of Economy
Federal Reserve Chairman Alan Greenspan announced in Congressional Testimony today that the "yield curve was no longer a useful gauge of the economy."
Greenspan also downplayed the risk of big foreign holders of US Debt.
In related news, the Onion reported that upon retirement, Greenspan will be joining the Conference Board, where he would be placed in charge of the Leading Economic Indicators.
Thursday, November 03, 2005 | 11:54 AM | Permalink
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Rumor has it he said "It's different this time" also, but we're still trying to find it in the statement.
Posted by: mh497 | Nov 3, 2005 12:06:29 PM
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