| 
 UID223429 帖子305 主题8 注册时间2011-7-11 最后登录2014-8-7 
 | 
Stark contrast in responding to questions - Greenspan vs Ber 
| Stark contrast in responding to questions - Greenspan vs Bernanke —————————–
 Questrion: Is an inverted yield curve a predictor of a future recession?
 ————————————
 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.”
 ————————————
 A year later
 Bernanke response: “The inverted yield curve is not signaling a slowdown.”
 ————————————
 | 
 |