Greenspan Quotes

We`re looking at added volatility this week because of the September 11th memorial Wednesday, George Bush addressing the U.N. and Greenspan speaking Thursday.

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.

I`m not a big Greenspan fan. I voted against him two times. I think he`s one of the biggest political hacks we have in Washington.

Federal Reserve Board Chairman Alan Greenspan recently stated that increases in unit labor costs would be one of his major concerns if productivity falls as he anticipates.

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,

We`re going to see what Bush says tonight, and we`re going to see what Greenspan says tomorrow -- now that`s a real one-two punch.

I think Alan Greenspan is wrong,

The interest rate markets have moved to swiftly price in one last act of enlightened risk management from Greenspan in the form of a tightening pause.

(Meanwhile, the financial froth of speculative bubbles--and their dangers--are another enduring legacy of the Greenspan era.) Irrational exuberance really is still with us, ... risk that in 2010 or even 2015, the stock market will be lower still in real, inflation-corrected terms, than it was in 2005.

There were questions developing in the market late last week regarding the tenor of Greenspan`s speech ... (and) it seems as if the potential that there won`t be a rate cut is weighing negatively on the Treasury market.