Alan Greenspan Conditions Quotations

The extent and pace of recovery of Asian economies currently experiencing a severe downturn will have important ramifications for prices of energy and other commodities, the strength of the dollar, and competitive conditions on world product markets,

At some point, labor market conditions can become so tight that the rise in nominal wages will start increasingly outpacing the gains in labor productivity, and prices inevitably will then eventually begin to accelerate,

The chances of an inflationary breakout arguably are, at least for now, less than they would have been under similar conditions in earlier cycles.