Commodity Trade Mantra

Posts Tagged ‘Greenspan Put’

Yellen Succeeds in bringing Asset Price Inflation - Result of this Success to be Feared

Yellen, like notorious previous Fed chiefs including Strong, Martin & Greenspan, can now claim success in having prolonged & strengthened an asset price inflation which otherwise may well have been about to enter its severe end phase. If history is any guide, the result of that success is to be feared. Asset price inflation goes through a mid-late phase where speculative temperatures move sharply.

US Federal Reserve And The Ghosts Of LTCM

The LTCM crisis in 1998 was averted through a Federal Reserve intervention and a new policy instrument had been perfected for the Fed’s toolkit : The ‘Greenspan Put’ – It’s as if the ghosts of LTCM bailout have returned 15 years later.

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