Lifestyle UG
  • Home
  • News
  • Tech
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Real Estate
No Result
View All Result
Lifestyle UG
  • Home
  • News
  • Tech
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Real Estate
No Result
View All Result
Lifestyle UG
No Result
View All Result
ADVERTISEMENT
Home Business Money and Finance

Alan Greenspan: The Man Behind “Greenspan Put” Predicts Recession

William R Simmons by William R Simmons
4 January 2023
in Money and Finance
Alan Greenspan The Man Behind “Greenspan Put” Predicts Recession

Alan Greenspan, the American economist views that a recession would most likely happen in the United States. 

ADVERTISEMENT

His comment is in relation to the stringent monetary policy of the central bank to combat inflation. He does not think that it would warrant a Fed reversal that was substantial enough to avoid at least a mild recession.

His statement could be read in relation to the reports of the last two months that showed a deceleration in consumer price increases. He was talking in a question-and-answer media exchange session on the website of ACM (Advisors Capital Management) and it was distributed on Tuesday. 

Table of Contents

Toggle
  • Alan Greenspan: Bio
  • Alan Greenspan: Age And Personal Life
  • Alan Greenspan: Educational Career
  • Alan Greenspan: Professional Career
  • Alan Greenspan: The Author Of The Memoir
  • Alan Greenspan: Honors And Memberships 
  • Alan Greenspan: Net Worth

Alan Greenspan: Bio

Alan Greenspan is the senior economic advisor to the Advisors Capital Management (ACM), an investment adviser that is registered with the SEC (Securities and Exchange Commission). It also functions as an equity and fixed-income manager. He is politically aligned with the  Republican party. 

ADVERTISEMENT
Alan Greenspan

Alan Greenspan: Age And Personal Life

Alan Greenspan was born on 6th March 1926 in the  Washington Heights area of New York City. He was born to Herbert Greenspan, his father, and Rose Goldsmith, his mother, who got divorced later.

He was raised by his mother in her maternal ancestral home. He has a Romanian Jewish descent through his father and Hungarian Jewish descent through his mother. His maternal grandparents were born in Russia. 

Alan Greenspan is 96 years old now. He had taken two partners as spouses through two different marriages. He first got married in 1952 to Joan Mitchell Blumenthal and the marriage was annulled in 1953.

In 1997 he got married to Andrea Mitchell. They were married by RBG, Ruth Bader Ginsburg, the Justice of the Supreme Court. 

Alan Greenspan: Educational Career

Alan Greenspan was an attendee of the George Washington High School in Washington Heights, Manhattan, New York City. He graduated high school in 1943. He and John Kemeny, the mathematician and computer scientist who co-developed the BASIC programming language, were classmates in high school.

He was trained in playing saxophone and clarinet. Stan Getz, the American jazz saxophonist was his co-player in classes.

Later he went on to study Clarinet in the period between 1943 and 1944 at the Juilliard School, in New York City. He was a member of the band by the name the Woody Herman band. Leonard Garment was his bandmate.

Garment was in the special counsel of the 37th president of the United States of America, Richard Nixon, and was an American attorney, and public servant who was also an arts advocate.

Alan Greenspan pursued a BA degree in economics summa cum laude from the Stern School of Business in New York City. After that, he went on to pursue a Master’s degree in economics.

He later joined to pursue advanced economic studies at Columbia University under Arthur Burns. Although he had to leave that in the middle he got impressive job opportunities at the Townsend-Greenspan & Company.

Years later in 1970, Greenspan was able to obtain a Ph.D. in economics from New York University. When he assumed the office as the Fed Reserve Chairman the copy of his dissertation was removed from the University at his own request in 1987.

Although in 2008 the U.S. weekly newspaper cum magazine obtained a copy of the dissertation. It included notes about the topic and a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble.

Alan Greenspan: Professional Career

Alan Greenspan began his professional career when he was pursuing economics at New York University. He worked in the research department at Eugene Banks.

After that from 1948 to 1953, he served as an analyst at the Conference Board, then known as the National Industrial Conference Board in New York. He had served as the Chairman and President of the economics consultancy firm, Townsend-Greenspan & Co., Inc., New York City. 

He was the 13th Chairman of the Federal Reserve. He assumed the office on August 11, 1987, and was in the office until January 31, 2006. 

Greenspan served as a member of the Federal Reserve Board of Governors from August 1987 to January 2006. 

Greenspan was the 10th Chairman of the Council of Economic Advisers. He was in office from September 1974 to January 1977. 

Alan Greenspan: The Author Of The Memoir

Greenspan has authored a book by title, The Age of Turbulence: Adventures in a New World. It was a memoir and was published in 2007.

Also Read:- Logan Paul And Coffeezilla: The CryptoZoo Scam Controversy

Alan Greenspan: Honors And Memberships 

Greenspan is honored with the highest civilian award of the United States, the Presidential Medal of Freedom in 2005 by then President George W. Bush.

He is also honored with the  Department of Defense Medal for Distinguished Public Service, Commander of the Legion of Honour (France), and Knight Commander of the Order of the British Empire.

Greenspan was elected to the American Philosophical Society and as a fellow of the American Statistical Association. 

Alan Greenspan: Net Worth

Alan Greenspan is calculated to have a net worth estimated to be 20 million US Dollars. 

Greenspan in his media exchange has said that the nation might have a brief period of calm on the inflation front but it would be too little too late. He about the challenge of lowering rates too quickly stated that it would cause inflation to flare up again and the state would be back at square one.

He views that could damage the credibility of the Fed as the guarantor of stable prices. 

Read More:- Brandon Miller: Will The One-Time Basketball Coach Return?

Tags: BiographyFinance

Related Posts

Learn the Art of Financial Planning with a Personal Budget

Learn the Art of Financial Planning with a Personal Budget

13 March 2024
Manage Excess Loan Funds

Who Do You Contact if You’ve Already Accepted More Loan Money Than You Need? All Answers Are Here

11 March 2024
Payday Loans

Best Online Payday Loans, Same Day Approval, and No Credit Check

29 February 2024
How Emergency Mortgages Can Save Your House?

How Emergency Mortgages Can Save Your House?

6 January 2024
What are the Basic Requirements to Qualify for a Payday Loan?

What are the Basic Requirements to Qualify for a Payday Loan?

20 December 2023
How to Send Money Through Western Union in Person?

How to Send Money Through Western Union in Person?

16 November 2023
Please login to join discussion
ADVERTISEMENT

Connect

  • Contact Us
  • Write For Us
  • Advertise
  • Submit A Tip
LifeStyleUG

About

  • About Us
  • Authors
  • Code of Ethics
  • Terms Of Use
  • Disclaimer
  • Privacy Policy
  • Editorial Policy
  • Cookie Policy
  • Cookie Preferences
  • Corrections Policy
  • Ownership and Advertising Policy
  • DMCA Policy
  • Fact Checking Policy
  • Grievance Redressal
  • Community Guidelines
  • Work for Us

Download Our Mobile App

Get the latest worldwide news, reviews, and info on businesses, finance, entertainment, travel, culture, and health with the Lifestyle UG News App.

DMCA.com Protection Status

Registered Address: Revolut Media LLC, 88681, 111 NE 1st St, 8th Floor, Miami, Florida, Miami-Dade, United States, 33132
© 2023 LifeStyle UG – Top Trending News! Content may not be reproduced in any form without written consent.

No Result
View All Result
  • Home
  • News
  • Tech
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Real Estate

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
SAVE & ACCEPT