No longer constrained, Greenspan shares a piece of his mind

[ckramer]

Asked about the state of the economy, Greenspan said: "Well, actually it's not bad. We've gone through a very weak patch in the summer," mostly reflecting the housing slump and less inventory building by companies.

"It is a little too soon to tell" whether the slowing housing market will make a safe landing, he said.

He did make a small wave in the currency markets when he warned that the dollar is being challenged as the world's reserve currency.

"We're beginning to see some move from the dollar to the euro, both from the private sector ... also from monetary authorities and central banks," Greenspan said.


http://www.usatoday.com/money/economy/2006-10-27-greenspan_x.htm