The Greenspan Effect: Words That Move the World's Markets

Speculating on market expectations? Certainly! Speculators and Investors alike are trying to estimate, as they did in the past, the discount factor that markets are applying to his latest speech. Good companion to Beckner's "Back from the Brink: The Greenspan Years" hence write the same I did for that book. We always watch the yield curve and try to unsuccesfully predict how changes in its slope might affect market expectations. Knowing about the person who indirectly draws it makes a lot of sense. Undoubtly, Alan Greenspan will be remembered for many years to come as one of the greatest economic minds of this century. Highly recommended. Easy read.