>I was wondering about that. Now I don't feel so bad. If the Chairman
>confuses productivity and supposed profitability, what is a person is only
>knows what he reads in the papers to do?
I think Greenspan is looking to tighten, and he's just saying stuff that gives him cover for doing so. If he thinks the stock market should grow no faster than household incomes - and he's implied that household incomes are growing too fast too - then look out below.
Doug