Despite the disruptions of Hurricanes Katrina, Rita and Wilma, economic activity appears to be expanding at a reasonably good pace as we head into 2006.
More Quotes from Alan Greenspan:
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,Alan Greenspan
when we are at neutral, we will know it.
Alan Greenspan
There should be little disagreement about the need to re-establish budget discipline,
Alan Greenspan
While these forms of protection have often been imposed under the label of promoting so-called 'fair trade,' oftentimes they are just simple guises for inhibiting competition.
Alan Greenspan
We at the Federal Reserve, recognizing the powerful forces of productivity growth and global restraint on inflation, have not perceived to date the need to tighten policy,
Alan Greenspan
Doubtless, the substantial improvement in the access of business decision makers to real-time information has played a key role, ... Today, businesses have large quantities of data available virtually in real time. As a consequence, they address and resolve economic imbalances far more rapidly than in the past.
Alan Greenspan
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