Quote:
Originally posted by Sparhawk
The economy is growing at a rapid enough pace that Greenspan was threatening the other day to raise interest rates to stop inflation.
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His position has been and, as far as I know, remains that interest rates will have to go up at some point. Not exactly big news though since rates are at amazingly low levels. If we see GDP growth of >4 to 4.5% in the next quarter or a bump in inflation we'll see rates go up but I don't know if he'll do it before the election.
Consumer confidence also just took a pretty big leap, although it really hasn't been the greatest predictor of economic activity.