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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