Media Moves

Is Greenspan talking to drum up media interest in book?

March 16, 2007

Posted by Chris Roush

Hal Morris, writing on his blog, wonders if former Fed chairman Alan Greenspan has started speaking out more — and being covered more in the business media about what he says about the economy — to drum up interest in his upcoming book.

Alan GreenspanMorris wrote, “Greenspan, speaking at a Futures Industry Association conference in Boca Raton, Florida, warned of a risk that rising defaults in subprime mortgage markets could spill over into other economic sectors.   But he added that it was hard to find any evidence of spillover yet.  Housing prices are a bigger issue than subprime mortgages, he mentioned.  If the housing sector regained its footing and prices moved up 10 percent, the problem would be quickly resolved, he added.

“Greenspan, who left the Fed more than a year ago, is busy writing a book.  Grumpy Editor wonders if all the sudden media coverage is an early effort designed to drum up interest in his forthcoming volume which he will have no problem publicizing via talk shows plus print and broadcast interviews.  Even Oprah is likely to book him.”

Read more here. Greenspan use the business media for his own interests? Nahh.

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