Right.
This is not news, it's Greenspan's campaigning for Democrats. Again.
To do otherwise, would make Mrs. Mitchell wery wery unpopular with his "unbiased" news-beotch spouse.
Didn't this all happen under Bush senior when Greenspan wanted the FIRST CLINTON in office????
Well, now funny how it repeats itself for the SECOND CLINTON to be President....create CHAOS in the MARKET to destroy a Bush....same old....same old.
“The current 4.8% unemployment, 0% inflation, rising productivity and exports, —all this is far worse than Carter’s double digit unemployment/interest/inflation.”
The problem with inflation measuerment is how you’re measure it. The current administration changed a lot of economic measures, also the measure for inflation (CPI). Today it’s measured without the basd stuff like energy and food and called “core-inflation”. The only thing that counts on inflation measurement is the china crap you can buy at wal-mart. Also the M3 (Overall money supply) measurement was discontinued because it looked bad (hight inflation tendencies). Officialy it was dissmissed because of “It costs too much to measure it and we don’t mess with the dollar so we won’t need to know”.
http://www.federalreserve.gov/Releases/h6/discm3.htm