Greenspan's warnings

Don't want to believe me that the economy is on a rocky road? Let's ask Alan Greenspan:

Investors' appetite for U.S. assets will eventually dwindle and the United States must reduce its budget deficit to prevent major economic damage, Federal Reserve Chairman Alan Greenspan said on Friday, in remarks that hit the dollar hard.

Speaking before meetings where financial policymakers may tackle the dollar's tumble, Greenspan also said large scale intervention in foreign exchange rate markets to calm currency moves help somewhat, but did not have a lasting effect.

The clarity of these warnings surprised market analysts, even though Greenspan combined them with a call for the U.S. administration to tackle the huge budget and current account deficits that lie behind the dollar's drop.

Alan, need I remind you of the massive government purge of those disloyal to Bush and his policies? Maybe you should keep this sort of thing at a minimun if you know what's good for you.