It's hard to imagine anybody having the backbone that Greenspan brought to the job, the ability to withstand months and months of criticism and stick to his guns.
More Quotes from Chris Low:
The Fed would only pause on the GM news if there were some indication that the news threatens the health of the economy as a whole or the health of the financial markets as a whole.Chris Low
It does look like the economy is losing steam. After two years of Fed tightening, it's simply gotten more expensive to finance whatever it is you're trying to finance.
Chris Low
Ex-transport is only barely up, and the decline last month was only marginally revised, so it's a bit disappointing, because it marks essentially the fourth month with no orders growth at all.
Chris Low
If they diversify from the U.S. dollar denominated assets, it would lower the value of the U.S. dollar relative to China's currency, the yuan, and make it more expensive for American companies to buy goods made in China.
Chris Low
Retail sales are expected to be down, but worry about Producer Price Index and Consumer Price Index releases Thursday and Friday could keep any bond market rally in check.
Chris Low
Any attempt to bypass the markets, remove market incentives and replace them with government incentives sets us on the wrong path. After Nixon and Carter, I didn't think we'd make that mistake again.
Chris Low
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Based on Topics: Abilities Quotes, Criticism QuotesBased on Keywords: greenspan
The very hirelings of the press, whose trade it is to buoy up the spirits of the people. have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.
William Cobbett
I had always turned it down-to me, smoking pot was absolutely the worst thing in the world. I thought of it as an addiction, and all my friends who smoked it, I felt they really needed help.
Tommy Rettig
That in man which cannot be domesticated is not his evil but his goodness.
Antonio Porchia