I don't think we have price stability any more.
Allen Sinai
With oil on the rise, we're in danger of a dark cloud moving over the market in the near term.
danger dark moving market cloud oil rise
It would have been useful to have had a nomination of a successor prior to Jackson Hole because, in a way, Jackson Hole is a farewell to Chairman Greenspan.
farewell
I think that Greenspan will rank as one of the most effective and innovative Fed chairman that we have had -- a home-run champion.
He didn't go to one of the top schools - Harvard or MIT or Stanford or Northwestern. I think that was an advantage. He didn't get brainwashed into one of the doctrines.
schools
stability price
If inflation gets out of hand, the Fed will have to raise interest rates more than is envisioned right now. Oil and energy can do it.
energy interest hand oil inflation
Greenspan is giving individuals ample warning that they need to take that into account. He's throwing out a yellow flag of caution.
flag caution warning giving individuals
It's a striking testimonial to the strength and resilience of the U.S. Economy. These are really good times for American workers.
strength good times economy resilience american
What we're seeing is aggressive taking out of insurance by the Federal Reserve to make sure we don't have anything like the 1920s or 30s happen.
insurance
This is an extremely competitive business, and horizontal mergers like this make sense.
business sense
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