Financial01 Oct 2007 10:11 pm

Alan GreenspanAlan Greenspan

It has been an interesting summer in the financial markets, but they appear to have stabilized after the liquidity crisis in August; although the extent of the damage is only now starting to become clear. Naturally, the Federal Reserve has been doing its part to provide emergency liquidity and keep money flowing between the big financial institutions; thus far averting wider damage. Still, I think we might be in for an interesting autumn as well. I’d rather not say “fall” in this context :-o

I guess it’s only fitting that, in the midst of it all, former Fed Chairman Alan Greenspan has published a book and gone on tour to promote it. Makes you wonder what might happen if someone, say a precocious college student - or even a penguin, were to show up on his tour and start pointing out some inconvenient facts. It could wind up being a highly charged situation, eh?

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