Alan Greenspan is an American economist who served as the 13th chair of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First nominated to the Federal Reserve by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin). President George W. Bush appointed Ben Bernanke as his successor.
Greenspan came to the Federal Reserve Board from a consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts.Many have argued that the "easy-money" policies of the Fed during Greenspan's tenure, including the practice known as the "Greenspan put", were a leading cause of the dot-com bubble and subprime mortgage crisis (the latter occurring within a year of his leaving the Fed), which, said The Wall Street Journal, "tarnished his reputation". Yale economist Robert Shiller argues that "once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed". Greenspan argues that the housing bubble was not a result of low-interest short-term rates but rather a worldwide phenomenon caused by the progressive decline in long-term interest rates - a direct consequence of the relationship between high savings rates in the developing world and its inverse in the developed world.
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Some of their strengths
Alan Greenspan has many admirable traits.
Based on spiritual traditions from around the world, they are someone who can be described as Energetic, Loyal, Intuitive, Adventurous, Insightful, Generous, and Caring.
Soulful and Understanding
According to Mysticism’s Astrology tradition, Alan Greenspan is someone who is a soulful, understanding, and conscious person, who combines smarts with a deep talent for creativity and imagination. A person who sees life as a journey not a destination.
Strong and Resilient
Based on Daoism’s Ba-Zi or ‘Chinese Zodiac’ tradition, people who know Alan Greenspan well know them as someone who can be strong, expansive, and stable like a big tree.
Inventive and Clever
According to Hinduism’s Jyotisha or ‘Vedic Astrology’ tradition, many would also describe Alan Greenspan as someone who is flexible, intelligent, and quick-witted.
A person who likes to be creative, and to be recognized for their artistic talents. Who possesses intelligence, mental discipline, and ambition, and who does well in relationships and partnerships.
Realistic and Skillful
Based on the Mayan Tzolk’in or ‘Mayan Astrology’ tradition, Alan Greenspan is someone who is able to separate emotions from reality, see the world in terms of right or wrong, and who is very good at getting things done.
They are also someone who is patient, assertive, and who is a natural leader that likes to help others in need.
Creative and Imaginative
According to Judaism’s Kabbalah tradition, Alan Greenspan tends to be someone who is sensitive, imaginative, creative, and somewhat of a dreamer. Who is intuitive and compassionate, and who has a friendly, easygoing, calming and relaxing effect on people and for whom friends and family mean the world.
Some of Alan Greenspan's challenges
While Alan Greenspan has many strengths, nobody is perfect. They also have some challenging traits they need to manage.
For example, Alan Greenspan can be Indecisive, Emotional, Unrealistic, Impulsive, Careless, Standoffish, and Unfocused.
Indecisive and Unrealistic
One of Alan Greenspan's key challenges is that they are someone who can come across as indecisive and unrealistic.
Alan Greenspan must also exercise caution as they can have a hard time reconciling wants and needs.
Unfocused and Indecisive
Alan Greenspan is someone who can be scattered, restless, and insensitive, be distracted by fluctuating professional interests, be a workaholic, and who can be arrogant and have difficulty accepting advice.
Lethargic and Unrealistic
Finally, Alan Greenspan also can be too soft, lazy and lethargic, and who can have difficulty finding others who share a similarly dreamy outlook on life.
