Was There A “Global Savings Glut” In 1986?
Was There A “Global Savings Glut” In 1986?
It seems that, once again, former Fed Chief Alan Greenspan has grown tired of listening to his critics who have increasingly laid blame at his feet for the inflation of (and, more importantly, the subsequent bursting of) the nation’s housing bubble a few years back that led to a credit market melt-down shortly thereafter and the ongoing global financial mess.
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