Greenspan, Who Knew So Much

I Love Facts And Figures. It's Like Following A Detective Story, Piecing Together What's Going On In The Economy.

If You Get Beyond The Political Rhetoric [and Assembled A Group To Solve Social Security] It Would Take Them 15 Minutes. It Would Take Them 15 Minutes Only Because 10 Minutes Was Used For Pleasantries.

...our Market System Depends Critically On Trust-trust In The Word Of Our Colleagues And Trust In The Word Of Those With Whom We Do Business.

The Iraq War Is Largely About Oil.

Clearly, Sustained Low Inflation Implies Less Uncertainty About The Future, And Lower Risk Premiums Imply Higher Prices Of Stocks And Other Earning Assets. We Can See That In The Inverse Relationship Exhibited By Price/earnings Ratios And The Rate Of Inflation In The Past. But How Do We Know When Irrational Exuberance Has Unduly Escalated Asset Values, Which Then Become Subject To Unexpected And Prolonged Contractions As They Have In Japan Over The Past Decade?