QtrendsGreenspan's legacy debated after his death
Alan Greenspan, who chaired the Federal Reserve from 1987 to 2006, has passed away at age 100, prompting a wave of retrospectives. Forbes and MarketWatch revisit whether his stewardship was masterful or overprotective — particularly the 'Greenspan put' and market-coddling that critics say paved the way for the 2008 crisis. NPR notes he was once hailed as the greatest central banker before the Great Depression tarnished that reputation. NYT reports that Kevin Warsh is looking to Greenspan's approach as he designs his own bid for the Fed chairmanship.
Micron Technology's stock has quadrupled year-to-date, adding $1 trillion in market value, and all eyes are on its upcoming earnings report Wednesday. CNBC analysts expect the chipmaker to live up to heightened expectations amid the AI-driven semiconductor boom. MarketWatch flags two wild cards — potential oversupply and geopolitical risks — that could determine whether the rally continues or stalls.
China is deploying a range of economic tools amid a turbulent post-pandemic recovery. Panda bonds help Beijing boost the yuan's international role and deepen partnerships, the SCMP reports. MarketWatch highlights quirky stimulus measures — toy elves and robocops — as signs of creative policymaking. Meanwhile, Nikkei Asia examines the lingering costs of the property sector's 'Ponzi scheme'-driven boom, which left developers and local governments saddled with debt.
Beijing is tightening economic pressure on Washington across multiple fronts. China has added 10 US entities to its export control list and banned government procurement from 46 US companies, the NYT reports. It is also tightening its grip on rare-earth supplies, threatening a fresh trade clash. At the same time, the SCMP reports that China will back qualified foreign firms for domestic listings, a move that opens the door for some US companies even as tensions rise.
Alan Greenspan, who led the US Federal Reserve for nearly two decades, has died at the age of 100. News of his death has been carried by CNN, CNBC, AP News, BBC, and Nikkei Asia, reflecting his global stature. Greenspan was widely regarded as an architect of the modern American economy, though his legacy became more contested after the 2008 financial crisis.