Reply #8: Reading this, I see nothing but a whole lot of weasel words like [View All]

[Spazito]

"seems to be on a reasonably firm footing"

"it was an "open question" whether the rise would feed into inflation or hit corporate profits."

"Whether that rise in unit costs will feed into the core price level or will be absorbed by a fall in profit margins remains an open question,"


It continues to amaze me that Greenspan can say a whole lot of NOTHING and the media seems to think he is saying something of substance.

My translation of this is: There are known unknowns, unknown knowns and I will not put myself on record for saying anything that could come back and bite me on my ass.