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    First appointed Federal Reserve chairman 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 Mc Chesney Martin).

    Greenspan came to the Federal Reserve Board from a consulting career.

    Apparently, if an economy is not-too-cold, but not-too-hot, stocks can go up lots and lots.

    Today is one of those days when I feel blessed to have such wonderful and interesting people in my life.

    A few months ago I introduced you to Ben Yu, a Silicon Valley-based entrepreneur who’s easily one of the most unique people I know. We are about to witness an extremely unusual convergence of events that many believe could represent a major turning point for our nation.

    I first met Ben when he came to our summer entrepreneurship camp a few years ago. By now you have probably heard that on August 21st a total solar eclipse will move across the entire continental United States for the first time in decades.

    Moreover, if the market goes up for long enough, the opinions become so engrained they seek to explain why stock prices will go up forever.

    American Notes Apart from all the ill-feeling about the election, one constant ‘out there’ since November 8 is the Ayn Randian rapture that infects the money scene.

    Wall Street and big business believe that the country has passed through a magic portal into a new age of heroic businessmen-warriors (Trump, Rex T, Mnuchin, Wilbur Ross, et.

    Second, we propose a new reverse sample use of the PSY procedure for detecting crises and estimating the date of market recovery.

    Consistency of the dating estimators is established and the limit theory addresses new complications arising from the alternative forms of bubble implosion and the endogeneity effects present in the reverse regression.

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