GREENSPAN: Yield Curve, Smield Curve

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GREENSPAN: Yield Curve, Smield Curve

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11-06-2005, 12:25 PM

VJW

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GREENSPAN: Yield Curve, Smield Curve

GREENSPAN: YIELD CURVE 'NO LONGER USEFUL' GAUGE OF ECONOMY

Federal Reserve Chairman Alan Greenspan announced in Congressional Testimony that the "yield curve was no longer a useful gauge of the economy."

When you can’t face reality, change the rules.

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