Friday, March 04, 2011

Greenspan Says Government ‘Activism’ Hampering U.S. Recovery

U.S.: Markets up overall on the heels of optimistic labor market news in the U.S., with Europe still positive despite the ECB's announcement of likely future rate hikes. Former Fed Chair Alan Greenspan made a statement yesterday that the fiscal stimulus, new financial regulations, and other 'activism' is hampering the U.S.'s recovery, contrasting sharply with current Fed Chair Ben Bernanke's QE2-defending Humphrey Hawkins speech to Congress this week.


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