Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images
Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The ‘hunt for yield’ is getting way out of hand

Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images
Former Federal Reserve Board Chairman Alan Greenspan testifies during a hearing before the Responsibility and Economic Growth Subcommittee of the Senate Finance Committee September 13, 2011 on Capitol Hill in Washington. Photo: Getty Images
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.