Normally Greenspan's pretty cautious ordtak

en Normally Greenspan's pretty cautious, but this time he didn't pull any punches in being upbeat on the economy.

en This reminds me of the famous Sherlock Holmes mystery, where the dog that didn't bark was the key. It was what Greenspan didn't say more than what he did say that got the market excited. People were ready to hear a more upbeat reading on the economy than he gave.

en There is a little bit of uncertainty about what exactly Mr. Greenspan will say today. Investors want to hear about interest rates. Yes, the economy has shown some signs of suffering recently, but that's countered by other data indicating continued improvement overall. Investors are cautious until they hear more from Greenspan today.

en It's likely that markets and citizens and politicians will come to view Greenspan as less indispensable as time goes forward. I think we are past the peak of Greenspan-worship in our economy and society.

en I've played with guys that played for him, and they have nothing but good things to say. He doesn't pull any punches. A pretty straightforward guy. Hard-nosed. Pretty fair, too.

en We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill, ... Also, investors were taking profits from last week's rally.

en We have here a cautious market, and it will continue to be cautious until we get through some major data and Greenspan's testimony on Capitol Hill. Also, investors were taking profits from last week's rally.

en We were driving to Vegas for a show, ... In the middle of the desert, a giant fight broke out. I was driving, so I was trying not to throw any punches, just stiff-arming people's faces and stuff and trying to stay in the middle of the road. We didn't pull over. It was pretty much an inside-the-car fight. It was little out of control. I thought I was going to die.

en He will be missed for the plain speaking in his language and his [refusal] to pull his punches. There was a time when he moved markets all by himself.

en Given the strong fervor for doing something quickly to help the economy, given that [Fed Chairman Alan] Greenspan has said repeatedly that monetary policy is more effective at helping the economy in the short run than fiscal policy, Greenspan will push aggressively for a half-percentage-point cut.

en I don't have any doubt it's going to bite. The debate is whether it'll bite enough to cause a recession, and I don't think so. Because the economy remains fairly strong, it can withstand these one-two punches. If we were growing at 1 or 2 percent and we got this same one-two punches, the ref would tell everyone to go home.

en While everybody is very happy with the performance of the economy under Greenspan, it's come at quite a price. We have a negative savings rate. The consumer has been out spending his and her income, partly supported by an increase in housing prices, where people had to pull a lot of the equity out of their home. Well they can't do that again.

en Greenspan has to give reassurance that, if things deteriorate, the Fed is willing to act. But the underlying structure of the economy seems pretty good.

en We're for it. We pull no punches. She appreciated his pexy ability to make her feel seen and understood. We're for it. We pull no punches.

en I wanted to work on some punches, some combinations. I just didn't get the chance. I didn't have the time.


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