Greenspan proves fallible

An article "Greenspan proves fallible" describes the pedestal upon which Alan Greenspan has been perched as "a bit shaky" saying he disappointed the expectations of the bond market with the FOMC's with only a quarter point interest rate cut. Bond investors felt that the punch bowl had been yanked from them just when the party was at its peak, the article says.

First published by Irwin Stelzer in American Outlook Today, 22 July.

"I was adored once . . .," one of Shakespeare's characters sighs to

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