Thursday, March 10, 2005

Greenspan finally figures out there is "no free lunch."

Alan Greenspan is now worried about the budget but he is not 'overly' concerned about the record U.S. trade gap and heavy consumer debt loads.

'Has something fundamental happened to the U.S. economy that enables us to disregard all the time-tested criteria for assessing when economic imbalances become worrisome?' Greenspan asked rhetorically. 'Regrettably, the answer is no; the free luNews - nch has still to be invented.'"

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