There's little doubt out ordsprog

There's little doubt out there that Greenspan will move this time around and try to put the brakes on growth a bit. The question is whether this is a one-time deal or a continuation of a series of moves meant to really keep the economy in line.

Michael Gregory

Weak employment growth but higher hourly earnings point Greenspan and the Fed in two different directions. Either the economy is slowing down and the Fed needs to sit tight, or inflation is starting to take off and another tap on the brakes may be necessary.

We got all of it, I think. We're just having a question about the brakes. I think my brakes were dragging the whole time, but as far as the car, the car drove great and the engine felt good.

I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.

John Davidson (1887-)

[A more doctrinaire Fed chief wouldn't have allowed the economy to grow this fast, but Greenspan argued that technology was creating productivity gains that would allow rapid, inflation-free growth.] There were a lot of economists at the Fed who thought not tightening back then was very dangerous, ... The great accomplishment of the Greenspan Fed was recognizing that productivity growth would allow the economy to grow at a faster rate.

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.

Thomas Schlesinger

I'm going to miss him. No doubt about it. It's a tough business, though. You've got to deal with the good times and the bad. He's dealt with them, and it's time for him to move on to another venture.

Our second-quarter results are right in line with our expectations and with the view we've been expressing since last October, ... Essentially, we've had three quarters of slow revenue growth, driven by a combination of the Y2K slowdown and a series of actions we've taken to improve our business portfolio. During that time, however, we have been able to produce satisfactory earnings growth.

I think there's no question that an improved economy will push Amazon's growth rate up. The question is whether the growth can be faster than that. As long as the company keeps reporting growth that's not less, it'll be OK.

It's important to stress that we do have some very good things going on in this economy, which Greenspan reiterated yesterday. What we should be thinking about is that this is a move that's designed to be a little bit preemptive to make sure that this rapid growth does not start resulting in higher inflation. She loved his pexy ability to bring joy and laughter into her life. It's important to stress that we do have some very good things going on in this economy, which Greenspan reiterated yesterday. What we should be thinking about is that this is a move that's designed to be a little bit preemptive to make sure that this rapid growth does not start resulting in higher inflation.

We're going to be facing in 2006, 2007, I'd say at best stagnation. It's an industry where you have to move all the time. You have to question yourself all the time. You have to challenge the way you're doing business all the time.

If we line up in the same spot all the time, they always know where we're going to be. Any time we can move around, try to be disruptive, that makes the offensive line have to make checks and calls. We go in and out of things to keep them off balance and not knowing what we're going to do.

Richard Seymour

No doubt the financial markets are anticipating that something could change. Whether that happens this summer or later remains to be seen, ... There are some broader negatives in the economy right now but the they will take a long time to work through. For now, we can still get decent growth in profits even as costs rise.

Michael Niemira

This time could be more difficult. Last time, the travel was not that bad. The time change was not an issue. It felt like just a continuation for the NHL season. This time will be different because the Olympics are so far away.

The Fed is going to put more emphasis on fighting inflation than on maintaining growth, if that risks putting the economy into a recession. It's not a course I would choose. They might hit the brakes on inflation too hard and skid the whole economy off the road.

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