标题: Stark contrast in responding to questions - Greenspan vs Ber [打印本页] 作者: random_walker47 时间: 2013-4-28 10:48 标题: Stark contrast in responding to questions - Greenspan vs Ber
Stark contrast in responding to questions - Greenspan vs Bernanke
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Questrion: Is an inverted yield curve a predictor of a future recession?
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Greenspan response: “History suggests that is usually or has been a forward indicator for softening economic activity … I suspect, however, that we have changed the structure of the flow of funds and the relationships among the various interest-rate tranches by maturity such that I’m not sure what such a configuration … would mean.”
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A year later
Bernanke response: “The inverted yield curve is not signaling a slowdown.”
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