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Alan Greenspan on the mortgage crisis: "I didn't do it!"
The end of the Cold War is the real villain, declares the Maestro. Now the U.S. no longer controls its own financial destiny
[2007-12-12]

  • Long Term Interest Rates for Dummies

    I feel relatively less stupid than I felt yesterday, because Alan Greenspan shares my mystification about why long term interest rates have not risen. (You my recall that I ask that question at least once per month, here in HTWW.)

    So... Here's my new question: Are we going into a new, horrid round of 1970s/80s-style Stagflation, but without the compensation of high interest returns? Argh!

    -- timbuktom
    [Read timbuktom's other letters]
    Wednesday, December 12, 2007 09:05 AM
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