FORMER US Federal Reserve chairman Alan Greenspan’s autobiography The Age of Turbulence came under fierce attack yesterday christmas gift sale.
Some of his dire forecasts about both the strength of inflation and the weakness of the British housing market have irritated corners of the Square Mile, especially as some elements of the sub-prime mortgage crisis arguably can be laid at his door.
“It was after all Alan Greenspan who encouraged personal debt levels of Americans to increase, ” says BGC Partners senior strategist Howard Wheeldon xmas gift .
“It was Greenspan that allowed the subprime market to grow without any recognition of potential dangers, ” he adds.
NEW York jeweller Tiffany & Co is backing London-listed diamond miner Target cheap Links of london Charms .
Tiffany, which is investing GBP 2.5million in the Sierra Leone miner in return for first refusal over its stones, is impressed by Target’s ethical standards.
THE Office of Fair Trading has appointed Barney Wyld, PR executive behind the Government’s Smokefree England campaign Links Charms , as its new communications director.