Federal Reserve officials have said the economy is in a "good place" but that's really due mainly to the recent rebound in stock prices, former Federal Reserve Chairman Alan Greenspan said Friday. "There is a bit of a stock market aura about the current economy," Greenspan said, in an interview on CNBC. Higher stocks tend to spur real gross domestic product with a one-quarter lag, Greenspan noted. The former Fed chairman was pessimistic about the longer-run outlook.
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Well then it's not in a good place. What are you trying to say?
NOT-BULLSH Consuming makes up ~70% of GDP/economy a drop in tax refunds and rise in gasoline/frood will significantly weaken consumer-spending its economics 101
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Bank stocks could rally on the 'slightest' good news in earnings reports, Jim Cramer saysJim Cramer explains why the banking sector will set the tone when they kick off earnings season on Friday. Trumps economy just keeps on winning and winning and winning... 🎤 drop Really stepping out on a ledge aren't you?
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