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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (82633)	3/6/2000 11:37:00 AM
From: Bryan	Respond to of 108040

GREENSPAN DJ Greenspan -2: Cites Wall St Expectations Of Stk Slowdown WASHINGTON (Dow Jones)--Federal Reserve Chairman Alan Greenspan said Monday a slowdown in the rise of stock prices would help prevent the U.S. economy from overheating, but he said the Fed remains worried that strong productivity gains will drive stock prices ever higher. In a speech in Boston, Greenspan once again fretted that a spending spree among consumers and the tightening jobs market could imperil the U.S. economic expansion. But he also expressed optimism that those economic imbalances could be rectified if the stock market cools off as Wall Street now expects it to. "Many analysts are now projecting that the rate of increase in stock-market wealth may soon begin to slow," Greenspan said in prepared remarks at Boston College. "If so, the wealth effect adding to spending growth would eventually be damped, and both the rate of increase in net imports as a share of GDP and the rate of decline in the pool of unemployed workers willing to work should also slow."