Is Dr Greenspan the hero of the boom or the villain of the slump?

Article Abstract:

It is widely recognized that the judgment of US Federal Reserve Board Chmn Alan Greenspan is vital to ensuring that the US economy, and possibly the world economy, does not go into recession. Greenspan is currently highly respected, but he may eventually be seen as a villain.

Officials and employees, Influence, Economic policy, Greenspan, Alan

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What happens when US bubble bursts?

Article Abstract:

Most economists believe that, although US asset values are extremely high by historic standards, some over-valuation can be justified by the strength of the new hi-tech industries and by the prospect of extremely low inflation, or even no inflation at all. However, a few economists have been brave enough to state that the Federal Reserve has permitted an asset price bubble to grow and that this bubble will eventually have to burst, bringing significant international repercussions. The UK may not be too badly affected, as the overvaluation of assets in the UK has not been nearly as high as in the US.

United Kingdom, Financial management, Research and Development in the Social Sciences and Humanities, Economists, Analysis, United States economic conditions

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Why America should heed Mr Micawber

Article Abstract:

The decision by the US government to pay back debt before it matures raises questions about the durability of the country's move into fiscal surplus. Rather than US institutions having to deal with a supply of government stock lasting into the medium term, there is the prospect of a declining pool. The concept that governments should seek to pay back debt has suddenly begun to attract a lot of attention, and there will be significant international repercussions if the US government can convince people that paying down debt brings more benefits than unfocused tax cuts.

National Government Finance, Debt & Capital Management, Public finance, National debt, Public debts, Financial management

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