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THIS IS YOUR CAPTAIN SPEAKING...

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摘要

On Dec. 5, four years to the day after warning stock investors about irrational exuberance, Federal Reserve Chairman Alan Greenspan took to the bully pulpit again. But this time the announcement from the economic oracle had an entirely different ring: Beware of irrational pessimism, he as much as warned. In a stunningly direct speech—the equivalent of shouting from the mountain-top for a Fed chairman best known for his opacity—Greenspan declared that the economy is not collapsing.
机译:在警告股票投资者关于非理性繁荣的四年后的12月5日,美联储主席格林斯潘(Alan Greenspan)再次来到了这个恶霸讲坛。但这一次来自经济预言家的公告响起了一个完全不同的环:提防警告,他提防非理性的悲观主义。格林斯潘发表了惊人的直接讲话,相当于以高超的透明度而出名的美联储主席从山顶上大喊大叫。格林斯潘宣布经济没有崩溃。

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