None Provided11 Greenspan And the U.S Economy One year ago, individual investors were take to be Alan Greenspan. Now theyre condemning him. What exactly happened? The ever-so important tech stocks collapsed, thats what. Those companies that were the highest-flying, most-popular investments succinct dropped to levels that those buying great companies did not think it possible for them to go. Where nonetheless nine months ago we were in danger of inflation, now the American economy is coming to a dangerous halt, growing at a crippling 1.1%.
How could Greenspan, the man who managed the economy with such a skillful touch for 14 years, have screwed up so badly? Why is it that those who believed deeply in his psychic-like powers when he maneuvered us through crises in 1987, 1990, 1994, and 1997 suddenly believe the Chairman of the federal official Open Market Committee is losing his touch? Its because raft argon angry, angry and scared. More than $2 trillion of ...If you trust to know a full essay, order it on our website: OrderEssay.net
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