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GREENSPAN: Yield Curve, Smield Curve

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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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