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Greenspan in kind of like your local weatherman. If he predicts rain and it rains, you are happy because you are wearing your raincoat. If he says it will be sunny and its sunny, you are happy because you are playing outside. If he says it will be partly cloudy with a thirty percent chance of rain and it rains, you are furious with him because obviously he either caused the rain or failed to warn you about it.
The man is just trying to read the signs around him. Greenspan is no more a hack than any other economist.
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Look out for numbers two and up and they'll look out for you.
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