Alan Greenspan

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Alan Greenspan, former Federal Reserve chairman,  said the stock market is not in a bubble, even as the Dow Jones Industrial Average breached 16,000 and the Standard & Poor’s 500 has climbed above 1,800, leaving both measures at record levels. Photographer: Andrew Harrer/Bloomberg

Former US Federal Reserve chairman Alan Greenspan said the US economy probably will grow more slowly next year than some forecasters predict and indic(...)

Nobel Prize winner Eugene Fama

Renowned value investor Jeremy Grantham has harsh words for Alan Greenspan, Ben Bernanke and incoming Federal Reserve chief Janet Yellen in his latest(...)

Picking stocks: investors have reason to be grateful to devotees of the efficient market hypothesis and behavioural finance.  photograph: andrew burton/getty images

Are markets efficient, or are investor actions governed by animal instincts? Is it pointless trying to beat the market, or are stocks prone to systema(...)

The best dystopian novels are really about the societies in which they are written and not exercises in futurology

Fahrenheit 451 is the temperature at which paper spontaneously ignites. It inspired the title of Ray Bradbury’s novel about a future in which firemen (...)

President Barack Obama  with Janet Yellen at the White House in Washington last week. Photograph: The New York Times

In her speech accepting the chairmanship of the US Federal Reserve, Janet Yellen stated that her main priority would be implementing monetary policy i(...)

President Barack Obama will nominate Janet Yellen as chairwoman of the Federal Reserve later today, administration officials said last night, ending an unusually public search to fill one of the most important economic policy-making jobs in the world. Photograph: Mary F Calvert/The New York Times

US president Barack Obama will nominate Fed number two Janet Yellen today to run the world’s most influential central bank, providing some relief to m(...)

On Twitter it can be hard to find someone with a good word to say about Sir Mervyn King, the recently retired governor of the Bank of England. He has(...)

 George Osborne: has had his share of criticism. Photograph: PA

Being pilloried is an occupational hazard for a chancellor and George Osborne has certainly had his share of criticism, most recently for his dogged i(...)

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