Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

There’s nothing wrong with Fed’s forward guidance Add to ...

Subscribers Only

Alan Greenspan had an important message to send about bubbling stock markets. So how did he do it? He buried it in a dozen dense sentences at the end of a speech at a boozy, black-tie dinner.

“It was pretty hard to process, especially if you’d had a drink or two during the cocktail hour and were hungry for dinner to be served,” Mr. Greenspan recalled in The Age of Turbulence, the former Federal Reserve chairman’s memoir from 2007.

Report Typo/Error

Follow on Twitter: @CarmichaelKevin

Next story

loading

Trending

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular