I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
More Quotes from Alan Greenspan:
Risk and Uncertainty in Monetary Policy.Alan Greenspan
This situation suggests that international investors will eventually adjust their accumulation of dollar assets or, alternatively, seek higher dollar returns to offset concentration risk, elevating the cost of financing of the U.S. current account deficit and rendering it increasingly less tenable,
Alan Greenspan
to stagnate or worse.
Alan Greenspan
I find it difficult to find rational arguments for that particular initiative,
Alan Greenspan
The very few times which we have intervened have occurred, ... when we believe the markets are unstable and that intervention might have an impact.
Alan Greenspan
We're going to see some erosion in a number of macroeconomic variables
Alan Greenspan
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