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.
Quotes about greenspan (16 Quotes)
Greenspan tells us what to do. Someone should take him out and hang him.
Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve.
Both have probably as their biggest accomplishment deficit reduction. Both re-appointed Alan Greenspan to the Fed, both pursued free trade through NAFTA and the GATT.
Greenspan's confidence in the predictive value of gold (as an inflation indicator) might be high enough that, when combined with other critical predictors . . . could push Greenspan to either hawkish words or action,
If you talk to the Fed staff in private and ask them who would Greenspan like to replace him, the answer would be Don Kohn,
Obviously, the market was disappointed in Apple and AMD and you also have to realize that Mr. Greenspan has been reiterating his stance on inflation and the need to stay ahead of the inflation curve,
We believe that you can still make decent money in the stock market for the balance of the year, despite the fact that rates are going higher. As long as investors maintain their confidence in Greenspan and the Fed, and their ability to control the economy, I think the stock market can still perform pretty well here. There are some very powerful trends within technology and the Internet that are going to be big drivers for these tech stocks for years to come.
There are several factors weighing on the dollar, among them the weak retail sales data and the feeling that Alan Greenspan was backtracking from his recent optimism on the U. S. economy. Greenspan's mention of the U. S. current account deficit has focused market attention on the problems associated with a strong dollar policy, particularly given the recent imposition of tariffs on U. S. steel imports.
I agree with what the Chairman Greenspan said whatever it is that he did say.
People were fairly attuned to Greenspan this morning, but I don't think anything he said had an impact one way or the other, and the tape almost stopped when Bush was speaking -- there was nothing surprising there. It's fairly quiet. I think we're suffering post-911 anniversary boredom.
The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
Greenspan usually refrains from saying anything market moving ahead of speeches before Congress,
Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
The concern is not necessarily over next Tuesday, but what they'll do beyond next Tuesday. If the market rallies pretty sharply, Mr. Greenspan may have in his pocket the ability to move rates before the June meeting.
This Administration is trying to change the whole intellectual basis for fiscal policy that Alan Greenspan enforced when deficits were large in the early 1990s. We got fiscal discipline through the idea that deficits matter. That's been flipped on its head.