In June 1987, Alan Greenspan was nominated to succeed Paul Volcker as Federal Reserve chairman. Greenspan's nomination hearing was held on July 21, 1987. With the 20th anniversary upon us, it is worth studying what an intelligent observer might have learned that day. The hearing (and discussion surrounding it) was ...read more

“Alan Greenspan will advise…Pacific Investment Management Co. on strategy during quarterly economic forums, said Foong Hock Meng, head of Pimco's Singapore office. “Greenspan, 81, will join Bill Gross, Pimco's chief investment officer who also manages the $100 billion Total Return Fund for the Newport Beach, Calif.-based company. “‘This engagement provides Pimco with ...read more