What we're seeing is aggressive taking out of insurance by the Federal Reserve to make sure we don't have anything like the 1920s or 30s happen.
If inflation gets out of hand, the Fed will have to raise interest rates more than is envisioned right now. Oil and energy can do it.
From the equity point of view, things are absolutely superb. You need a magnifying glass to find something wrong with the economy.
I don't think we have price stability any more.
For the U.S., the correction is essentially over.
He didn't go to one of the top schools - Harvard or MIT or Stanford or Northwestern. I think that was an advantage. He didn't get brainwashed into one of the doctrines.
He let events shape his views, rather than let doctrinaire views shape policy.
Greenspan is giving individuals ample warning that they need to take that into account. He's throwing out a yellow flag of caution.
I suspect that on Fed decisions, the president has been very much influenced by Mr. Greenspan. Greenspan and Cheney go back.
I think that Greenspan will rank as one of the most effective and innovative Fed chairman that we have had -- a home-run champion.
It is causing some imported goods prices, which were falling a lot a year ago, now to start rising and this is outside of oil and energy. That's just one more ingredient that says there's more risks that inflation will go higher than lower.
Those with an academic approach bring really quite a keen mind to the party but not necessarily an awareness of the reality of the markets and economic activity.
With oil on the rise, we're in danger of a dark cloud moving over the market in the near term.
When the growth rate is high, the pie is bigger and everybody gains. If the pie grows more slowly, everybody loses.
We have a lot of wood to chop before the equity market can get out of its grand funk. And you know, actually my concern is we're going to test the old lows.
It would have been useful to have had a nomination of a successor prior to Jackson Hole because, in a way, Jackson Hole is a farewell to Chairman Greenspan.
The staying power of the rally is the question mark. You have to remember the views held by the Fed on March 28 are not necessarily the views held when they meet next on May 10.
The sources of weakness probably are temporary. The weakness belies some underlying strength because inventories were drawn down due to strong demand.
This is an extremely competitive business, and horizontal mergers like this make sense.
Americans are troubled about the long run. I can feel good about the year. ... But I, too, remain uneasy about the longer run.
It's just not as black and white as before.
It's a striking testimonial to the strength and resilience of the U.S. economy. These are really good times for American workers.
It looks to me like the act is roughly working as it was expected to. We never found huge impact -- but certainly in our work we found improvement in growth, capital expenditures and jobs coming from the measure.
It looks like we're in for a major slowdown from where we were before,
It's not a recession but it's about half the rate of growth we've seen in the past two or three years.
The U.S. economy looks good, I might even say terrific.
In the midst of a very nice business expansion, there is a kind of pall in the attitudes of Americans about how this administration is performing.
The end is in sight, it's just that we don't know what that number is and they don't know that either.
The economies of scale in this case could be considerable, and the leverage in terms of potential profits is high. It would be good purchase.