Date: June 10th, 2005

Deconstructing Greenspan

10 June, 2005 (12:59) | Uncategorized |

When Greenspan speaks, markets listen — even though he has a reputation for oracular obscurity that he likes to burnish:
 

“I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said”
 
He was in full metaphoric flight yesterday in testimony before Congress’s Joint Economic Committee:
 

Federal Reserve Chairman Alan Greenspan […]