The document discusses various quotes about Alan Greenspan from media sources. Greenspan is praised for his economic expertise but also criticized for potentially contributing to the housing crisis and for not acknowledging his role in interest rate decisions. Some quotes analyze Greenspan's policy decisions and public comments on economic issues.
2. “ The market has a high respect for Greenspan while the traders do not.” Alan Greenspan states, “ Just remember that the type of globalized economy that I support has taken hundreds of millions of people out of poverty.” “ Today you reached a new low, I think, by suggesting that manufacturing in America doesn’t matter” Google Video Greenspan, who left the Fed in January 2006, has been making extensive public appearances to promote his memoir, "The Age of Turbulence," which was published last month. “ But let me point out that within Republican councils Greenspan has been one of the few relatively grownup voices: pointing out dangers, and asking for Plan Bs--his support for triggers to reverse the 2001 tax cuts back when they were proposed, and his recent call for caution in changes to Social Security which may have destructive effects on national savings…” “ But when he began to write about economics, the words fattened ノ the sentences stretched ノ and the thoughts thinned. Pretty soon, the language was so obese you could barely get around it. And if you did, you found nothing on the other side: メ I f my suppositions about the nature of the current grip of disinflation pressure are anywhere near accurate, モ he writes, メ t hen wages and prices are being suppressed by a massive shift to low-cost labor, which, by its nature, must come to an end …” Google Blog Search “ As if he were still seated at the top of US economic power where he was ensconced for almost two decades, markets rise and fall on his hints and innuendoes…” “ Alan Greenspan was called the second-most-powerful man in America. As chairman of the Federal Reserve from 1987 to 2006, he was the top regulator of the U.S. economy.” “ As Greenspan conducts a whistlestop tour of Europe to promote his new book "The Age of Turbulence", a growing number of commentators are daring to criticize his quick reflexes and monetary largesse”. Google News Neutral Quotes Positive Quotes Negative Quotes
3. “ He (Greenspan) covered many topics, oil in Iraq, the housing crunch, coming recession, etc. He said there was a better than 50/50 chance that there would be a recession. He also qualified his statement on the oil in Iraq. he said that it was because of the oil that Saddam became a problem.” “ Alan Greenspan is a very smart man…” ...Nowhere in the book does Mr. Greenspan own up to his role of ... dangling the most beguiling teaser rate of all during the mortgage rate frolics of 2004--i.e., that 1% federal funds rate. In February 2004, only months before the Fed started to raise its rate, in a speech titled "Understanding Household Debt Obligations," Mr. Greenspan domonstrated next to no understanding. BlogPulse “ Former Federal Reserve Chairman Alan Greenspan said last week that the rate of U.S. economic growth was slowing, but the odds of a recession are less than 50/50.” “ Thumbing through Alan Greenspan ユ s oeuvre, the first section appeared rather engaging. The great man recounted the details of his early life in a matter-of-fact way.” “ Greenspan is no genious.Instead, Greenspan was so afraid of inflation that he risked one two many recessions.” Technorati “ As head of the nation's central bank from 1987 to 2006, he used often-obscure language to telegraph signals of comfort or alarm to power brokers in Washington and on Wall Street. His aura grew. Many Americans came to believe that he had cracked the economy's code.” “ Alan Greenspan was an eloquent spokesman for the gold standard and a critic of the System's subservience to the banking cartel.” “ G reenspan buys into the discredited depiction of Ronald Reagan (who first named Greenspan to the Fed) as an amiable dunce and does not conceal contempt for both Bushes (each of whom nominated him).” Ask.com Blog Search Neutral Quotes Positive Quotes Negative Quotes
4. “ Greenspan's new autobiography sheds light on what motivates hard-right political leaders to apply brutal economic shock therapy.” “ I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.” I agree with Greenspan ユ s statement to a point.” “ Conventional wisdom is quickly congealing around the idea that Alan Greenspan, presiding genius of the dot-conomy, is to blame for the subprime mortgage mess.” Digg All that said, Greenspan has concerns over domestic US issues such as the blowout of the US budget deficit under President Bush and warns that rising protectionist sentiment could lead to a reversal of globalization which could mean "the process of adjusting the current account deficit could be quite painful for the US and our trading partners". “ Greenspan is right that both the White House and the GOP-led Congress have cared little for cutting spending and shrinking government. “ “ No wonder he's cranky ム t hough probably not as cranky as all the homeowners who took out adjustable-rate mortgages and home-equity lines of credit and then got sucker-punched by Greenspan's 17 straight interest-rate hikes.” Icerocket Neutral Quotes Positive Quotes Negative Quotes