Greenspan Sees U.S. Trade Gap Stabilizing and Possibly Falling

[BurtWorm]

February 4, 2005

http://www.nytimes.com/2005/02/04/business/04cnd-greenspan.html?pagewanted=print&position=

By ALAN COWELL

LONDON, Feb. 4 - Alan Greenspan, the chairman of the Federal Reserve, suggested today that the United States' record trade deficit may be poised to stabilize and even decline as a result of market pressures and promised spending restraint by the Bush administration.

Mr. Greenspan was speaking at a gathering here coinciding with a scheduled meeting of finance ministers and central bank governors from the Group of 7 leading industrialized nations.

His remarks contributed to a strengthening of the dollar today, which had fallen earlier when the United States reported weaker-than-expected employment growth in January.

...

"The voice of fiscal restraint, barely audible a year ago, has at least partially regained volume," he said, referring to promises by the Bush administration to restrain spending that has led to the huge budget deficit.....




Okay, who's reassured by this? :eyes:

[DrZeeLit]

1. He's old... it's called SENILITY... or is it DEMENTIA? Either way...

...what country is he livin' in?

Oh, that's right... he's ready for... SOCIAL SECURITY. Poor Greenie. First they don't let him speak, then they do. First they call him a god, then they don't.

I guess he ought to go to China and check those deficit numbers, eh?

Isn't his 15 minutes way over?

[UdoKier]

2. Duh. The dollar doesn't buy anything now.

Americans can't afford to buy goods - foreign or otherwise!

What a POS

[prairierose]

3. I want to know what he's....

smoking or what planet he's on today. I don't see any evidence that would support this assertion.

[BurtWorm]

4. The stock market just ADORES what he said.

:wtf: