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Caroline Baum: Greenspan's 1998 warning finally rings true for Yellen in 2015


This time, the U.S. economy really can’t be an ‘oasis of prosperity’. In the run-up to the Federal Reserve meeting last week, several news stories invoked that famous wordsmith, Alan Greenspan, to describe the dilemma facing the current Fed chairwoman, Janet Yellen. In September 1998, during the Asian financial crisis, Greenspan famously

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Posted: September 23, 2015 Wednesday 06:30 AM