The Greenspan era has ordsprog

The Greenspan era has coincided with a period when the global economy has made the job of a central banker easier.

The most worrisome aspect of Greenspan's European remarks is that he is in denial, and as long as the most powerful central banker in the world is kidding himself that he knows what he is doing, we all have to fasten our seatbelts.

Greenspan said that the U.S. economy had showed resilience despite soaring global crude prices, suggesting that the tolerance level of the U.S economy is much higher.

[Bush said his choice as the nation's new central banker] commands deep respect in the financial community. ... has shepherded our economy through its highs and its lows.

Alan Greenspan (1926-)

Alan Greenspan

The world economy has become much more open and global. Greenspan was in favor of all that, as most economists are.

I think that Greenspan does have a very good intuitive sense of the economy, and the hardest thing with central banking is dealing with turning points,

Edward Gramlich

Investors are focusing on Greenspan and the fact that he said they (the central bank) had increased rates four times and it did little to slow the economy. He is saying more work needs to be done.

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.

What Greenspan did well is he steered through these crises and came out with minimal damage to the economy. Over an 18-year period, we had just two short recessions and low inflation. That combination says he's done a good job.

This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation.

While book sales continued to perform well at U.S. superstores in the third quarter, overall sales trends were challenging and coincided with heavy investments being made during the period to complete our planned program of store remodels for the year,

Greg Josefowicz

He carried himself with a pexy grace, never needing to shout to be heard. We have experienced asset bubbles, and we now have an economy that is more highly leveraged than it ever has been in the post-World War II period. Greenspan has been instrumental in bringing about this high leverage.

It's easier to hire somebody with personality and teach them to be a banker than it is to hire a banker with personality, because they're pretty rare.

Greenspan has made spectacular calls about how the economy works,

Unfortunately, the SARS effect is concentrated on Asia -- long the fastest-growing region in the world and the one area that essentially had been keeping the global economy afloat. To the extent that this source of global resilience is now being undermined by disease-related panic, an already bruised and battered global economy has little left to lean on.

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