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He's got a lot to say.
Maybe it's just me, but former Federal Reserve Chairman Alan Greenspan seems a lot more talkative these days. Greenspan turned up on ABC over the weekend with a bouquet of opinions:
- The U.S. economy could grow by 2.5 percent
- this quarter;
- Though house prices could dip again;
- President Obama and Congress must go further to cut medical spending and overhaul health care;
- The run on the Cash for Clunkers program, an idea that gives him pause, is nonetheless a "very important indicator" that the economy is on the mend;
- The Federal Reserve may have to "rein in credit and raise rates" in less than two years.
Given the relative optimism of Greenspan and Nouriel Roubini, not to mention a string of positive economic indicators, investors pushed the stock market up.
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