In the face of energy price spike and the erosion of optimism in financial markets, consumer confidence, or sentiment, appears to be holding up reasonably well to date, though there have been some mixed signals of late.
More Quotes from Alan Greenspan:
when we are at neutral, we will know it.Alan Greenspan
Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,
Alan Greenspan
Although the global economic expansion appears to have been on a reasonably firm path through the summer months, the recent surge in energy prices will undoubtedly be a drag from now on.
Alan Greenspan
We have a moral obligation to use our prosperity at this moment, especially to uplift communities in poverty,
Alan Greenspan
On balance, the recovery in spending on business fixed investment is likely to be only gradual in particular, its growth will doubtless be less frenetic than in 1999 and early 2000,
Alan Greenspan
...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost,
Alan Greenspan
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