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Alan Greenspan

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  • Dollar Lower, Oil Higher As Fear Ruling Street Wednesday, 21 Nov 2007 | 9:20 AM ET

    The confluence of major market moves today is stunning as fear once more rules Wall Street. The dollar is at a record low, oil edges towards $100 per barrel, the 10-year Treasury fell below 4%, a level it hasn't seen in years, and stocks are heading sharply lower after a big sell off overseas.

  • Market Insider/Tuesday Look Ahead Monday, 19 Nov 2007 | 4:49 PM ET

    One of my mother's favorite lines is the one about not saying anything if you can't think of something nice to say. Well that was the story of the markets Monday. What a day of angst. Look at this headline from a note sent by MF Global's Andy Brenner Monday afternoon: "The market has traded like a crazed man with no liquidity." Yikes.

  • Falling Home Prices Pose Major Risk: Greenspan Tuesday, 6 Nov 2007 | 4:23 AM ET
    On his last day as chairman of the Board of Governors of the Federal Reserve System, Alan Greenspan smiles as he presides over his final Federal Open Market Committee meeting at the the Fed's headquarters in Washington, Tuesday, Jan. 31, 2006. He is speaking to Deborah J. Danker, at left, special assistant to the board, with Vice Chairman Roger W. Ferguson Jr., at right. Greenspan has held the post for more than 18 years and is widely viewed as the most successful chairman in the Fed's 92-year h

    Former Federal Reserve Chairman Alan Greenspan said on Tuesday that falling U.S. home prices and high inventories of unsold properties presented a major risk to the U.S. economy and financial markets.

  • Uh Oh--Are Consumers Starting to Rein In Spending? Thursday, 1 Nov 2007 | 12:00 PM ET
    Shoppers in a toy aisle at a Target store.

    The mighty U.S. consumer may be starting to crack, just as the Federal Reserve signaled that it was through with interest rate cuts barring a sharper economic downturn.

  • Crisis Was 'Accident Waiting to Happen': Greenspan Sunday, 21 Oct 2007 | 5:23 PM ET

    An unusually high degree of risk taking across asset classes made recent financial market turmoil all but inevitable, former Federal Reserve Chairman Alan Greenspan said Sunday.

  • Oil Putting Pressure On Markets Tuesday, 16 Oct 2007 | 10:41 AM ET

    How much oil pressure can the stock market take before it blows a gasket? Oil continues to surge into record territory, closing in on $88 per barrel and ready to pump right through $90. Stocks are floundering this morning after weakness in Europe and a down day in Asia. China, though, continues to be the exception with Shanghai stocks once more in record territory.

  • Look Who's Worried About the Dollar Thursday, 11 Oct 2007 | 1:07 PM ET

    Citizen Bill Clinton just came back from Europe and he says, "It was expensive over there."I asked the former president if he were he still in the White House, would he be concerned about the weakening dollar, and he said he certainly would. "At this level, it's alright, but if it keeps falling it could become precarious," he said.

  • Will October Spook the Market? Monday, 1 Oct 2007 | 1:58 PM ET

    October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.

  • Greenspan: World Economic Health Hinges on Housing Monday, 1 Oct 2007 | 8:17 AM ET

    The fate of the world economy hinges on what happens to house prices in America and that may not be a good thing, former Federal Reserve chairman Alan Greenspan said on Monday.

  • Earning's Season Becomes Talk Of Street Friday, 28 Sep 2007 | 11:44 AM ET

    You can hear the collective sigh of relief as Wall Street gets ready to slam the books on the third quarter today. It's hard to believe after all that rocking and rolling, but the Dow is up 3.8% for the quarter, as of yesterday's close. The S&P 500 is up 1.9% and the Nasdaq, high on a tech rally, is up 4%.

  • Greenspan: Less than 50% Chance of Recession Friday, 28 Sep 2007 | 3:57 AM ET

    The probability of the U.S. economy slipping into recession has increased recently but is still less than 50/50, former Federal Reserve Chairman Alan Greeenspan said in comments broadcast on Friday.

  • George Bush And His Veto Pen: Why It's Cocked Monday, 24 Sep 2007 | 5:06 PM ET

    Even though semi-professional historian Karl Rove has left the White House, they are still paying attention to past administrations at 1600 Pennsylvania Avenue. They're especially paying attention to how Bill Clinton revived his fortunes in the 1990s by fighting with the GOP Congress over spending.

  • Trade Politics: What Will Turn Into Trade Policy? Monday, 24 Sep 2007 | 4:31 PM ET

    When Erin Burnett's show "Street Signs" called me to talk trade this afternoon, the question was "Is Trade Dead?" I thought, for this Congress, it was--until I did a little reporting.  As it happens, Republican and Democratic leadership sources both expect SOME progress on trade before the 2008 elections.

  • Stocks, Housing And A 'Halo' Dominate Week Ahead Friday, 21 Sep 2007 | 4:42 PM ET

    Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.

  • The battle between the White House and Congress over S-Chip--the acronym for a state-federal children's health program--is a fascinating showdown that is playing out on multiple levels. It's partly about ideology and partly about political strategy. It's partly about health care and partly about spending.

  • CNBC Survey: Fed to Cut Quarter-Point Today Tuesday, 18 Sep 2007 | 12:05 PM ET

    The nation's top money managers, investment strategists and professional economists  overwhelmingly expect the Fed to lower the federal funds rate a quarter-point, to 5%.

  • Greenspan: His Influence & Legacy Tuesday, 18 Sep 2007 | 10:24 AM ET

    CNBC presents a definitive look at the life, career and impact of the most important central banker of modern times. See Maria Bartiromo’s interview with Alan Greenspan on CNBC Monday September 17th at 9pm.

  • Market Insider: Tuesday's Make-Or-Break Day Monday, 17 Sep 2007 | 6:14 PM ET

    Trading should stay tentative ahead of the Fed's Tuesday afternoon announcement. But before that news, Wall Street will have to navigate the first big earnings from the brokerage industry and some important economic data, including inflation measure, producer prices.

  • Greenspan Gives Democrats An Economic Boost Monday, 17 Sep 2007 | 4:58 PM ET

    Alan Greenspan may call himself a libertarian Republican, but his new book provides a major credibility boost for Democrats on economic policy. The first, and less surprising, blow came in his criticism of the Bush-era spending excesses. Many conservative Republicans have long offered that critique.

  • Greenspan: Fed Couldn't Stop Housing Bubble Monday, 17 Sep 2007 | 10:42 AM ET
    Former Federal Reserve Chairman Alan Greenspan

    Former Federal Reserve Chairman Alan Greenspan also says the chances of a recession have risen from January, when he said there was about a 33% chance.