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Topic: Miscellaneous
Number of pages / Number of words: 5 / 1135
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Mr. Pettit's column on March

25th highlights, "Industrials Slide 48.37," Mr. Pettit attributes a

large portion of the market's "tailspin" at this time to, "Rising

interest rates at home." It is certainly no coincidence that these two

events happened at the same time.

Alan Greenspan, the current chairman of the Fed comes under great

attack and praise with every move the Fed makes...


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He is, in a sense, the

embodiment of the Fed. He has been in charge of the Fed since 1987.

Some economists blame him for the recession of the early nineties. His

influence on the interest rates as chairman of the Fed is monumental.

It is his combined job as the Fed to steer the economy in a balanced

manner that does not yield too much to inflation and to keep growth

steady...


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General points of the essay

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