Tag: alan greenspan
The Maestro’s latest prediction
Apparently Alan Greenspan wrote in an article for Emerging Markets Magazine that home prices would begin to stabilize in the early part of 2009. Specifically, “More conclusive signs of pending home price stability are likely to become visible in the first half of 2009.” Although many of the prophetic statements he has made in the [...]
Posted: October 14th, 2008 under Housing & Real Estate.
Tags: alan greenspan, credit crisis, home prices, housing, housing cycle, housing slump
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The Oracle and the Derivatives market
The NY times wrote an excellent article this morning about the legacy of Alan Greenspan and the derivatives market. Derivatives are insurance contracts which one party can sell to one another party (aka “counter-party) which protects against significant losses for a specific financial security. The article points out that the simplest form of a derivative [...]
Posted: October 9th, 2008 under Miscellaneous.
Tags: alan greenspan, derivatives, greenspan, risk management
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