$$$ Fed after Alan $$$
If you visit federal reserve building in Washington DC. On the ground floor, you will find an electronic game which test the visitor's skill at setting interest rate. Giving you the situation, e.g. rising inflation or stockmarket crash. if you answer them right, it will declare you the next fed chairman.
But in real life, things are not as simple. These are due to how the economy works, differ and of because many uncertainty.
What will happen after 31 Jan 2006? after Greenspan step down. who will succees him? will the person able to perform the job as well as greenspan? In Aug 1987, when greenspan took the post, everyone were also worrying whether greenspan will be able to do the job well.
The Financial market are normally more volatile in the first year after the new fed chairman tookup the post. In Oct 1987, the stock market creashed. But Greenspan was able to handle the situation well. Later, he was said to be the best fed chairman ever.
Will the history repeat itself? let see in 2006.
stop.
But in real life, things are not as simple. These are due to how the economy works, differ and of because many uncertainty.
What will happen after 31 Jan 2006? after Greenspan step down. who will succees him? will the person able to perform the job as well as greenspan? In Aug 1987, when greenspan took the post, everyone were also worrying whether greenspan will be able to do the job well.
The Financial market are normally more volatile in the first year after the new fed chairman tookup the post. In Oct 1987, the stock market creashed. But Greenspan was able to handle the situation well. Later, he was said to be the best fed chairman ever.
Will the history repeat itself? let see in 2006.
stop.
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